Service Tax

This query is : Resolved

Mukesh Kumar Tomar (Querist)
Follow

24 October 2009 My Querry is "the company for which i work was incorporated on 20.02.2009 having nil turnover for FY 07-08 and 5 Crore for FY 08-09. neither we have filed any Service Tax return nor we have deposited service tax due some unavoidable reasons. so, what are the consequences for not paying/filing of service tax. can we pay the same in this financial year, if yes, what are accounting treatment?

Shyam Lal Naik

Shyam Lal Naik (Expert)
Follow

24 October 2009 Non payment attracts interest and penalty.

Interest u/s 75
Penalty u/s 76, 77, 78
Penalty u/s 76 & 78 are mutually exclusive.

In addition, you shall be liable for late fee of Rs. 2000.00 for late filing of return.

ANIL JANGID

ANIL JANGID (Expert)
Follow

25 October 2009 Are you manufacturer or service provider?

Mukesh Kumar Tomar

Mukesh Kumar Tomar (Querist)
Follow

27 October 2009 we are a private limited company in the field of construction.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Aniruddha Mody

Rampal Saini

Jitin Aditya Kapur

Amirthalingam

George Innocent

Subscribe Now

Service Tax

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA