Service Tax non payment

This query is : Resolved

Mukesh Kumar Tomar (Querist)
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27 October 2009 My Querry is "the company for which i work was incorporated on 20.02.2009 having nil turnover for FY 07-08 and 5 Crore for FY 08-09. neither we have filed any Service Tax return nor we have deposited service tax due some unavoidable reasons. so, what are the consequences for not paying/filing of service tax. can we pay the same in this financial year, if yes, what are accounting treatment?
we are a infrastructure / construction company.

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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27 October 2009 Check the link below

http://centralexcisechennai.gov.in/CHENNAI4/ServiceTax/servicetax3.htm

Mukesh Kumar Tomar

Mukesh Kumar Tomar (Querist)
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27 October 2009 Dear Sanjayji

i that clears 1 part of my qerry,

2nd part is balance the accounting treatment.

thanks & regards.

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Ram Avtar Singh

Ram Avtar Singh (Expert)
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27 October 2009 service tax cenvat credit can be avail its allowed on payment basis. now pay service tax and take cenvat credit. but panality & interest can not adjust. it will pay directly to govt.