LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Not pay service tax

A D BHANDARI (Journalist) (133 Points)

20 October 2014

If I have Service Tax Number but I have never collected S.T. from customers. If I do not pay S.T., please inform me about penalty etc.

Reply
Follow
Share

1 Replies

ultragaurav (Chartered Accountant ) (200 Points)
Replied 21 October 2014

Since st is indirect tax and u r not collecting from customer that deems to be your fault only remedy is that while calculating St totalbampunt will vlbe consider as you have collected st and that includes st Ex :- bill value 100 St 12.36 Total :- 112.36 But as per query u have charged only 100 instead of 112.36 now it will be calculated as =100100112.26 Interest penalty is mandatory And there are many other penalty which u can refer Str like return,late payment,short payment and so on