Rectification in service tax of last two year's
This query is : Resolved
22 August 2013
Dear Sir/Mam,
If we noticed while auditing books of accounts for F.Y. 12-13, that Service Tax which was not booked in the books of accounts however charged in the Invoice & received by the client for F.Y. 2010-11 and rectifed the accounting entry in the F.Y. 12-13.
Because of above situation Service Tax liablity @10.30% of sale of service Value arises in the F.Y.12-13, which idealy should have been paid & considered ST-3 in F.Y. 10-11, which is actually not paid & considered.
Can we now considered in the ST-3(Return) for F.Y 12-13 & pay S.T. liability??
If no, then what to do, as revision of S.T. return for the period F.Y. 10-11 is also not possible??
Thank
Regards
Ashwini
If we noticed while auditing books of accounts for F.Y. 12-13, that Service Tax which was not booked in the books of accounts however charged in the Invoice & received by the client for F.Y. 2010-11 and rectifed the accounting entry in the F.Y. 12-13.
Because of above situation Service Tax liablity @10.30% of sale of service Value arises in the F.Y.12-13, which idealy should have been paid & considered ST-3 in F.Y. 10-11, which is actually not paid & considered.
Can we now considered in the ST-3(Return) for F.Y 12-13 & pay S.T. liability??
If no, then what to do, as revision of S.T. return for the period F.Y. 10-11 is also not possible??
Thank
Regards
Ashwini
22 August 2013
Please avail the benefit of VCES
disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case
disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Gst Sales of FY 2023-24
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
