CA Shashank Sharma (none) (85 Points)
10 September 2011A service Provider omitted to pay service tax on payment collected during half year ended 31-03-2010 and also omitted to include the same in the amount of payment collected during that period in ST return filed. Now in month of september 2011 he has come to know this omission.
Please let me know remedial action as prescribed period for filing revised return has been expired.
CA Prabhat Gupta
(Manager (Indirect Taxes))
(821 Points)
Replied 13 September 2011
Dear Shashank,
Your case is similar to that of Mr. Anil. The answer given to him is produced below
"Your case is not that complicated. These type of mistakes are normal part of accounting.
The only thing you need to do is that pay the service tax immediately alongwith interest to avoid further interest and also penalty in case your non payment is pointed out by the department. While filing the return for the period from April 2011 to September 2011,either show this service tax as 'Arrears of revenue' under 'Other amounts paid' or, though not perfectly correct, just include this service tax in the figures of above period. While giving the break up of Service Tax amount, show interest in "Other amounts paid."
Hope this helps."
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 13 September 2011
Pay tax with interest. Show the value of services in next return.
CAclubindia
