(Last Updated On: October 9, 2016)

Annual Return of Service Tax

In which Rules amendments are made for filing Annual Return of Service Tax ?

As per the Service Tax (Amendment) Rules, 2016.

What is the Date of applicability of Rules for filing Annual Return of Service Tax ?

These rules shall come into force on the 1st day of April, 2016.

What is the Date of filing Annual Return of Service Tax ?

As per Rule 7 (3A ) of Service Tax (Amendment) Rules, 2016 :-

“ Notwithstanding anything contained in sub-rule (1) of Rule 7 (3), every assessee shall submit an annual return for the financial year to which the return relates, in such form and manner as may be specified in the notification in the Official Gazette by the Central Board of Excise and Customs, by the 30th day of November of the succeeding financial year;

Is there any Exemption from filing Annual Return of Service Tax ?

As per 7(3B) of Service Tax (Amendment) Rules, 2016 :-

The Central Government may, subject to such conditions or limitations, specify by notification an assesse or class of assesses who may not be required to submit the annual return referred to in sub-rule(3A).”;

Can the Assessee Revise the Annual Return of Service Tax ? What is the Period for revising the Annual Return of Service Tax ?

As per 7B(2) of Service Tax (Amendment) Rules, 2016 :-

“ An assessee who has filed the annual return referred to in sub-rule (3A) of rule 7 by the due date may submit a revised return within a period of one month from the date of submission of the said annual return.’’;

Is there any Penalty if Annual Return of Service Tax is filed after Due date ?

As per 7C(2) of Service Tax (Amendment) Rules, 2016 :-

“Where the annual return referred to in sub-rule (3A) of rule 7 is filed by the assessee after the due date, the assessee shall pay to the credit of the Central Government, an amount calculated at the rate of one hundred rupees per day for the period of delay in filing of such return, subject to a maximum of twenty thousand rupees.”.

Annual Return of Service Tax needs to be Filed