Dear Sir, I have issued invoices of Rs. 2,72,000/- during the FY 2015-16 to several clients who have not paid me the amount till date. During the Service Tax regime for the FY 2015-16 & FY 2016-17, I filed my ST-3 on receipt basis as my GTO was less than 50 Lacs per annum. Such amount I have already written off in my books for the Income Tax Purposes. Can the department ask me to pay the Service Tax on such invoices along with Interest & Penalty?
Service Tax on Bad Debts
CA Mohan Agarwal (Chartered Accountant in Practice) (53 Points)
10 May 2021
CAclubindia
