Am working in event management co, we have received the payment for the month of November 2009 and we haven't paid service tax for that, and we filed service tax return
kindly guide me what would be the last date for revised service tax return and help me out of this discrepancy
25 May 2010
A return can be revised within a period of 90 days, from the date of submission of original return. Since the return under consideration is for the haly year ending 31.03.2010, you have the time to revise it.
Make the payment of tax and interest and revise the return.
25 May 2010
“7B. Revision of Return.- An assessee may submit a revised return, in Form ST-3, in triplicate, to correct a mistake or omission, within a period of sixty days from the date of submission of the return under rule 7. Explanation.- Where an assessee submits a revised return, the ‘relevant date’ for the purpose of recovery of service tax, if any, under section 73 of the Act shall be the date of submission of such revised return.”.
25 May 2010
Filing of revised return: Rule 7B of the Rules prescribes that an assessee can submit a revised return within 60 days of filing of original return to rectify any mistake or omission. It may be noted that in such cases where an assessee files a revised return, the limitation period for initiating any action for demanding the service tax not paid/ short paid/ not levied/short levied would be computed from the date of filing of revised return.
In the month of November 2009 we have collected Rs/- 635 Service tax, Revised ST return is mandatory or just adding the interest in next cycle can we pay ST ?
CAclubindia
