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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST on reimbursement of expenses
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Equity Share Sale and Purchase
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
