Dear Friends
I have a query
One of my client running a coaching institute had IT survey. Disclosed turnover around 60.00 lakhs. Earlier he was showing turn over of 8.00 lakhs only and thereby filing nil service tax return as it was below exemption limit. He has already filed his ST return for F/Y 2011-12. Now since he has disclosed higher Turn over for F/Y 2011-12 what recourse does he have in Service tax liability-
1. should he deposit challan with interest till date of F/y 2011-12 (Return already filed as nil return
2. How the return is to be revised for F/y 11-12.
Kindly advise.
CA Anil Agrawal
9431881950
agrawalaka @ sify.com
CAclubindia
