Service tax collected but not paid
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 November 2014
dear sir/mam,
i have collected service tax for the year 2006-07 but not paid because my receipts were within the exemption limit.can the department recover the tax now? if yes then what are the consequences?
i have collected service tax for the year 2006-07 but not paid because my receipts were within the exemption limit.can the department recover the tax now? if yes then what are the consequences?
Amol S Joglekar
(Expert)
22 November 2014
Yes, the department has every right to recover the same. The simple principle of TAX is that...if you collect something in the name of Govt, it should go to Govt whether legitimately you are liable to pay or NOT.
Rupesh Jain
(Expert)
26 November 2014
you have to pay intt. on service tax and alos you have to penalize with fine
up to 6 month 18%
6 month to one year 24%
above 1 years 30% intt will be paid by u for delay period.
up to 6 month 18%
6 month to one year 24%
above 1 years 30% intt will be paid by u for delay period.
01 December 2014
aggred with amol's view
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