Issues found in return

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This query is : Resolved

CMA Swati Agarwal (Querist)

25 April 2016 Hi,

I have file the return for my company. While validating the excel file, no errors were detected.
But after the retun is filed, the filed return is showing following issues:-
1. SB Cess Paid is less than SB Cess Payable
2. SB Cess Payable is less than SB Cess payable calculated by the system.
Differential Amount is Rs. 2/-

Kindly help what to do further?

Swati

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

25 April 2016 Ignore it, if return status shows as 'FILED'.

Message likes : 1 times

CMA Swati Agarwal

CMA Swati Agarwal (Querist)

25 April 2016 The return was showing filed, and on dowloading the file, the .pdf file is showing the above errors.

Suresh Ramaswamy

Suresh Ramaswamy (Expert)

25 April 2016 I agree with Mr.Warrier. No action need be taken. In calculating the tax, the amount is rounded off. The assessee may have rounded off a particular payment of Rs.0.50 as the lower sum while the system will compute it as the higher amount - a difference of Re.1/- and so on.

Normally the Department ignores differences below Rs.100/-. Further in the case of Vodafone India vs. Commissioner of Central Excise & Service Tax, the decision was in favour of the assessee for difference in rounding off and the amount of duty involved was approximately 11 / 12 lakhs.

So just sit back and relax.

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CMA Swati Agarwal

CMA Swati Agarwal (Querist)

25 April 2016 Thanks to both of U Sir.

Suresh Ramaswamy

Suresh Ramaswamy (Expert)

25 April 2016 Glad to have been of help. You are most welcome.

Message likes : 1 times

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