Service tax collected but not paid

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 November 2014 dear sir/mam,
i have collected service tax for the year 2006-07 but not paid because my receipts were within the exemption limit.can the department recover the tax now? if yes then what are the consequences?

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

22 November 2014 Yes, the department has every right to recover the same. The simple principle of TAX is that...if you collect something in the name of Govt, it should go to Govt whether legitimately you are liable to pay or NOT.

Rupesh Jain

Rupesh Jain (Expert)
Follow

26 November 2014 you have to pay intt. on service tax and alos you have to penalize with fine

up to 6 month 18%
6 month to one year 24%
above 1 years 30% intt will be paid by u for delay period.