Input of service tax

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2011 The company has not filed service tax return for the year 2010-11( both half yearly return and showing service tax liability net of service tax input. Will it be possible to disclose in such a manner.

If service tax input is more say 10,00,000/- and liability is 9,00,000/-. Can it show Rs. 1,00,000/- as service tax input as on 31st March,2011 in the absence of filing service tax return [ 10,00,000 pertains to full year and both half yearly return not filed] Pls guide me.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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22 August 2011 Non filing of Service tax return only attract penalty, it will not deny your input claim, so you can claim the CENVAT, but while disclosing always show the payable and receivable separately.

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