11 May 2010
Whether Service Tax on Renting of Immovable properties for the previous years is to be deposited by Revising Service Tax Return's and Service Tax is to be deposited with Interest or without Interest?
11 May 2010
There is no need to revise the return. In fact, return can be revised only within a period of 90 days from the date of submission of original return. How ever, remittances, if any, can be intimated by way of a letter.
Interest is mandatory.
2nd round of litigation is inevitable. Payments should be paid under protest.
Considering the confusion, it is dobutful, whether longer perion can be invoked for recovery of tax beyong a period of one year.
It shall be in fitness to seek legal advice, before remitting taxes for period beyond the normal period of limitation.
CAclubindia
