Nil Return of Service Tax

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  1. Amit Som

    Amit Som New Member

    I have rent from immovable property.
    From Oct 2013 to Mar 2014 the property was lying vacant.
    I tried to fill up ST-3 Form at site but it did not accept (0) zero figures.

    Now do I have to pay penalty for the period where I did not have any income.
     
  2. Parul_Gupta

    Parul_Gupta Active Member

    If you have a Service Tax Registration No., it is mandatory for you to file Service Tax Returns after every 6 months irrespective of whether the Property is on Rent or not.

    In case the property is not on Rent and you have a Service Tax Registration No., it is still mandatory for you to file Service Tax Return. In such a case, a Nil Return of Service Tax is to be filed.

    As you haven't filed the same before the due date, therefore Penalty for Late Filing of Service Tax return would be levied.
     
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