Tds receivable - service tax impact

CA J.Alamelu lakshmi (Chartered Accountant) (852 Points)

29 February 2016  

Assessees who are paying Service Tax on receipt basis sometimes know about the TDS dedcuted from their Income only at the year end from 26AS or even later at the time of filing the Income Tax Return.

This TDS must have also been a part of the Income which was assessed for Service Tax purposes. Since it was not known at the time of ST payment (on account of various reason viz oversight, lesser control), the Value of Taxable Services was understated.

In this case, what can be the possible options to rectify the situation?