Rectification in service tax of last two year's
This query is : Resolved
22 August 2013
Dear Sir/Mam,
If we noticed while auditing books of accounts for F.Y. 12-13, that Service Tax which was not booked in the books of accounts however charged in the Invoice & received by the client for F.Y. 2010-11 and rectifed the accounting entry in the F.Y. 12-13.
Because of above situation Service Tax liablity @10.30% of sale of service Value arises in the F.Y.12-13, which idealy should have been paid & considered ST-3 in F.Y. 10-11, which is actually not paid & considered.
Can we now considered in the ST-3(Return) for F.Y 12-13 & pay S.T. liability??
If no, then what to do, as revision of S.T. return for the period F.Y. 10-11 is also not possible??
Thank
Regards
Ashwini
If we noticed while auditing books of accounts for F.Y. 12-13, that Service Tax which was not booked in the books of accounts however charged in the Invoice & received by the client for F.Y. 2010-11 and rectifed the accounting entry in the F.Y. 12-13.
Because of above situation Service Tax liablity @10.30% of sale of service Value arises in the F.Y.12-13, which idealy should have been paid & considered ST-3 in F.Y. 10-11, which is actually not paid & considered.
Can we now considered in the ST-3(Return) for F.Y 12-13 & pay S.T. liability??
If no, then what to do, as revision of S.T. return for the period F.Y. 10-11 is also not possible??
Thank
Regards
Ashwini
CA Suresh Jain
(Expert)
22 August 2013
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