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There is wide confusion and ambiguity about manner and procedure for surrender of service tax registration certificate obtained but not required now.
The reasons for surrender for registration certificate may be as follows:
1. Value of Taxable service is less than 7 Lakhs.
2. Closer of business Operation
3. Merger with another Unit/entity.
4. Any other reason (Like centralized registration or so)
Now, commissioner of Service Tax, Chennai has issued a trade notice no. 9/2007 dated 7-3-2007 prescribing the format of application form for surrendering the certificate.
In the prescribed format of application, there is not need to submit an affidavit as insisted by department generally.
Service tax registration surrender: prescribed application format removes affidavit requirement and simplifies termination process. A commissionerate trade notice prescribes a standard application format for surrendering a service tax registration certificate and lists common grounds for surrender, such as turnover below the registration threshold, business closure, merger, or centralized registration. The notice removes the department's customary requirement for an affidavit in the prescribed form, thereby simplifying documentary formalities for registrants seeking to terminate their registration.Press 'Enter' after typing page number.