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Service tax revise return

Arun (Student CA Final ) (142 Points)

10 May 2014

Is there any chance of revision of Service Tax return after 90 days? By any means? I mean can giving the physical application will do any good?

ASAP please

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3 Replies

Deepak Gupta (CA Student) (15922 Points)
Replied 10 May 2014

Originally posted by : Arun
	Is there any chance of revision of Service Tax return after 90 days? By any means? I mean can giving the physical application will do any good? ASAP please

You cannot revise the ST-3 after 90 days of filing the original return.
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But as per Sec. 73(3) of the Finance Act, 1994, before issuance of notice, where any service tax has not been levied/paid/short-levied/short-paid, you can pay such tax with interest and inform the Range Superintendent in writing. This will save you from notice and penalty in respect of the outstanding amount.

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Arun (Student CA Final ) (142 Points)
Replied 10 June 2014

there is no service tax payable, i just happen to give wrong data (typing error). i just want to correct it

Venkatanarayana GM (Partner associate at Hiregange & Associates) (1279 Points)
Replied 10 June 2014

To comply with the law you can intimate to superintendent about the changes in ST - 3 excel format and get the acknowledgement. So that will be your evidence in the court of law in case any penalty invoked by audit authorities.