Please Help: service tax returns
Posted Date : 22-Dec-2011 , 08:34:22 pm | Posted By naresh777
what is consequence if a comapny fail to revised service tax return within 90 days from the date of filing the original return,(company already file its original return within due date)
Category : Service Tax | Answers : 2 | Comments : 3 | Hits : 678
Answers
Answer By: Ashish Karundia
Dear Naresl,
Please note that as per rule 7B of Service Tax Rules, 1994, an assessee may submit a revised return in Form ST-3, in triplicate, to correct a mistake or omission, within a period of 90 days from the date of submission of the return under Rule 7.
Thus, if the company has already filed the return in Form ST-3, then in such cases, the return can only be revised within 90 days from the date of submission of original return. In other words, ST-3 return cannot be revised beyond a period of 90 days from the date of submission of return.
Hope the above suffice.
Please note that as per rule 7B of Service Tax Rules, 1994, an assessee may submit a revised return in Form ST-3, in triplicate, to correct a mistake or omission, within a period of 90 days from the date of submission of the return under Rule 7.
Thus, if the company has already filed the return in Form ST-3, then in such cases, the return can only be revised within 90 days from the date of submission of original return. In other words, ST-3 return cannot be revised beyond a period of 90 days from the date of submission of return.
Hope the above suffice.
Answer By: Ashish Karundia
Dear Naresh,
Kindly note that the ST-3 return cannot be revised beyond the period of 90 days from the date of filing of original return ethically. The same was also mentioned in the previous reply.
Hope the above suffice.
Kindly note that the ST-3 return cannot be revised beyond the period of 90 days from the date of filing of original return ethically. The same was also mentioned in the previous reply.
Hope the above suffice.
Comments
naresh777
24-Dec-2011 , 05:54:10 pmthanks for your reply,but what should be the proceedure to file the return beyond 90 days.
naresh777
25-Dec-2011 , 07:08:28 pmok,thank you sir
PANKAJ BANSAL
26-Dec-2011 , 06:48:38 pmAs per my opinion you can file a revise return with a letter. Some thing is better than nothing na.