Question: How Can I Revise My Service Tax Return?

Is there any penalty for revised TDS return?

Penalty under section 271H can also be levied if the deductor/collector files an incorrect TDS/TCS return.

In other words, minimum penalty of Rs.

10,000 and maximum penalty of upto Rs.

1,00,000 can be levied if the deductor/collector files an incorrect TDS/TCS return..

Can I file service tax return now?

Every registered service tax assessee has to file service tax return in form ST-3 on a half-yearly basis before the due date to avoid penalty. For filing returns for the period April-September, the due date is October 25, while for October-March it is April 25.

How do you revise a return?

A In the ITR utility, choose the ‘Section’ as ‘Revised return under section 139(5)’ and ‘Filing type’ as ‘Revised’. Enter the ‘Acknowledgement Number’ and ‘Date of filing’ of the Original Return filed. Note: It is mandatory to enter a 15 digit Acknowledgement Number while filing the revised return online.

What happens if service tax return is not filed?

If an assessee has not filed his or her service tax return, then a late payment fee of Rs 500 will be charged for the initial 15 days of delay. If an assessee has not filed his or her service tax return, then a late payment fee of Rs 1,000 will be charged for delays ranging from 15 to 30 days.

How many times revised return can be filed?

There is no limit for the number of times you can file a revised return. Remember, every time you file a revised return, you are required to provide details of your original ITR.

How can I pay service tax now?

Under EASIEST, the assessee is required to access the NSDL-EASIEST website, https://cbec-easiest.gov.in/EST/ and select the option, E-Payment (Excise & Service Tax).

How do I log into my TRN number?

To use this number, either click Proceed or Services > Registration > New Registration option and select the Temporary Reference Number (TRN) radio button to login using the TRN. 5. In the Temporary Reference Number (TRN) field, enter the TRN generated and enter the captcha text as shown on the screen.

How can I check my service tax registration number?

So if you have a pan number of the firm then check service tax number as below.Assessee code to be digitized in case of Central Excise (major account head 0038) as :1-10 digits : 10-digit PAN. … Assessee code to be digitized in case of Service Tax (major account head 0044) as :1-10 digits : 10-digit PAN / TAN.More items…•

How do I file an old tax return?

1. Filing ITR for Previous Years. According to the Finance Act 2016 amendment, you can file your belated IT Returns anytime on or before 1 year from the end of the relevant Assessment Year (AY). Example, for the AY 2016-17, the timeline to file a belated return was on or before 31 March 2018.

Can we revise a revised return?

Theoretically a return can be revised any number of times before the expiry of one year from the end of the assessment year or before assessment by the department is completed; whichever event takes place earlier.

Can penalty under service tax be waived?

Service Tax Penal Provisions Frequently Asked Questions However, Section 80 of the Finance Act, 1994, states that penalties can be waived off if the assessee in question can furnish reasonable evidence or proof that can provide justification of failure to make payment of service tax.

Who is liable for service tax?

Generally, the liability to pay service tax has been placed on the ‘service provider’. However, in respect of the taxable services notified under Sec. 68(2) of the Finance Act,1994, the service tax shall be paid by such person and in such manner as may be prescribed at the rate specified in Sec.

Can I amend my 2019 tax return to get a stimulus check?

A 1040X cannot be filed electronically, according to TurboTax, and the IRS announced April 9 that it can’t process paper returns during the coronavirus pandemic. “That means if you have to amend your taxes for 2018 or 2019 in order to get your full payment, you might just have to sit tight for now,” LAist reported.

Will the IRS catch my mistake?

Remember that the IRS will catch many errors itself For example, if the mistake you realize you’ve made has to do with math, it’s no big deal: The IRS will catch and automatically fix simple addition or subtraction errors. And if you forgot to send in a document, the IRS will usually reach out in writing to request it.

Do amended returns get audited more?

Are you concerned that if you file an amended return that it will trigger an IRS audit? If so—don’t be. Amending a return is not unusual and it doesn’t raise any red flags with the IRS. … Whenever someone files an original or amended tax return, the same audit selection process prevails.

How can I unblock service tax login?

Go to the aces.gov.in and click on unblocked your account and mention the service tax code and answer the secret question.

How can I correct my income tax return after submission?

If you want to make changes after the original tax return has been filed, you must file an amended tax return using a special form called the 1040X, entering the corrected information and explaining why you are changing what was reported on your original return. You don’t have to redo your entire return, either.

Is there any penalty for revised ITR?

ITR form can be changed while revising of return. No penalty can be levied by the department for bonafide mistakes (unintentional) If the assessing officer discovers that the error/ omission was intentional/fraudulent return revision of return is not allowed and penalty may be levied.

Can I file 3 years of taxes at once?

If you are due a refund for withholding or estimated taxes, you must file your return to claim it within 3 years of the return due date. The same rule applies to a right to claim tax credits such as the Earned Income Credit.

Can I file 2 years tax returns together?

Yes, you can. You will need to file the income from each year, separately. A tax return for each year of income that you need to report.

What is the Fresh Start program for the IRS?

The IRS Fresh Start Program is a program that is designed to allow taxpayers to pay off substantial tax debts affordably over the course of six years. Each month, taxpayers make payments that are based on their current income and the value of their liquid assets.