Revised Service Tax Return

This query is : Resolved

Anil Chavan (Querist)
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25 July 2011 Dear Experts
We have filed a service tax return on 25th April 2011 for Oct. to Mar.2011. We paid the tax for the same on 19th April 2011 with late payment interest @13%. Again on 22nd July we filed a revised return as some liability occurred due to less payment made in April 11. But we made a payment of interest @13% & from 1st April 2011 interest rate has been changed, now it is @ 18%. Pa.

Sir my query is, we are paying difference amount of interest but can it be possible to file a revised return again after 90 days from the date of filing of first (original) return. Because 90 days limit was crossed on yesterday only.

Please help me out.

With Regards
Anil

Bhavesh Gupta

Bhavesh Gupta (Expert)
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27 July 2011 Interest rate has been revised prospectively w.e.f. 1 April 2011 i.e. if liability is of period prior to April 2011, the interest is payable at old rate of 13% only.

Further, return can be revised within 90 days only. There is no provision of revision post that period. However, an intimation can be filed with the authorities in the form of a letter if the period has expired.