1997 (8) TMI 1 - AT - Service Tax

Service Tax Delay in filing of quarterly return under impression of that return of period when no business is carried out not to be filed Nil return submitted No Penalty

Summary

The Appellate Tribunal CEGAT, New Delhi allowed the appeal of broker Ashok Kumar regarding a penalty for not filing quarterly returns for the quarter ending September and December 1994. The Tribunal waived the penalty as the broker had not conducted any business during that period and had filed a NIL return after realizing the requirement. The appeal was allowed without the need for a pre-deposit.