Contigent liability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 December 2013
One of my Client is mainly engaged in the business of Parcel & Courier Services and during the F.Y 2012-13, the Company Gross Receipt from Said business is 53,54,500/-. Hence, Company is liable for registration in Service Tax but Company could not do so and their Service Tax Liability approx Rs
5, 00,00/- and this amount has not been paid by the Company before due date of filing of Return i.e 30.9.2013 and now, Company wish to avail benefit of VCES-2013.
Please explain me that how this issue report in Financial Statement & Balance Sheet so that it represent True & Fair View i.e No Professional mis-conduct is occure.
5, 00,00/- and this amount has not been paid by the Company before due date of filing of Return i.e 30.9.2013 and now, Company wish to avail benefit of VCES-2013.
Please explain me that how this issue report in Financial Statement & Balance Sheet so that it represent True & Fair View i.e No Professional mis-conduct is occure.
13 December 2013
For the period upto 31 12 2012, it can go for VCES-2013.
.
Hurry up for Registration, declaration and payment and take benefit of waiver of interest and penalties.
.
For 1-4-2013 to 30-09-2013; the company has to pay interest and penalties.
.
A resolution may be passed by the company to this effect to avail benefit under this scheme. This will serve as a document for past failures. However; for the quarter ending March,2013; the default is continuing and there is no immunity.
.
Hence you have to report accordingly.
.
.
Hurry up for Registration, declaration and payment and take benefit of waiver of interest and penalties.
.
For 1-4-2013 to 30-09-2013; the company has to pay interest and penalties.
.
A resolution may be passed by the company to this effect to avail benefit under this scheme. This will serve as a document for past failures. However; for the quarter ending March,2013; the default is continuing and there is no immunity.
.
Hence you have to report accordingly.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- NRI starting business in India
- ITDS U/S.194T of Firm
- ADVANCE PAYMENT OF ADVOCATE
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- Filling ITR - U
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- Capital gain on sale and purchase of plot
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- CREDIT NOTES WITHOUT GST
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
