Service TAx RC Amendment due to PAN Change

[V K]

Dear All

Aprx 5 years back the name of our company was changed & accordingly new PAN No was issued. In Excise we had changed the RC at the same time, But could not change the RC of Service Tax.

we are still paying the Service Tax & submitting the Returns in our OLD PAN Based Service TAX NO.

Now we want to Amend the RC as per New PAN. Kindly suggest is there will be any penalty for late intimation??

or we just surrender our OLD RC & apply for the New One as fresh Registration. We have never default in TAx & return submission. Kindly Suggest..

Regards.. Vikas Kapoor

 

AI Summary

Company Risks Penalty for Delayed Update of Service Tax Registration; Consider Amending RC Under Section 77 and 80. A company changed its name and received a new PAN approximately five years ago but failed to update its Service Tax Registration Certificate (RC) accordingly. The company continues to pay service tax and file returns under the old PAN-based service tax number. They seek advice on whether there will be a penalty for the delayed update or if they should surrender the old RC and apply for a new one. One respondent advises that a penalty under Section 77 may apply, but the company could argue reasonable cause under Section 80. It's recommended to amend the RC promptly rather than surrendering and re-registering.