Service tax correction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 April 2014
We had filed service tax return for the period APR - SEP 2013 with tax payable of Sep 2013 still outstanding as on date of filing the return. Some of the September, 2013 bills were later cancelled due to some reasons and outstanding tax was deposited accordingly. But the time to file the revised return had already been passed before happening of the above changes. Now, are we required to inform the service tax department about the deposit of taxes and cancellation of some service tax bills in the Oct - Mar return or through some other way?
22 April 2014
S TAX EXCESS PAID (BILLS CANCELLATION)THAT AMOUNT CAN ADJUSTED EXCESS PAID AMOUNT IMMEDIATELY NEXT MONTH BILLS PAYABLE S TAX.
EXAMPLE
SEP GROSSBILLS RS100 000/- S TAX PAID 12 360/- @ 12.36% ON
IN DEC MONTH CANCELLATION BILLS AND ST3 RETURN REVISED TIME BAR.
IN JANUARY MONTH CAN ADJUSTED STAX RS 12 360/-PAYABLE S TAX AMOUNT.
RISE CREDIT NOTE LESS GROSS BILLS AND ADJUSTED S TAX SO EQUAL TO P & L GROSS BILLS TALLY FULL YEAR
EXAMPLE
SEP GROSSBILLS RS100 000/- S TAX PAID 12 360/- @ 12.36% ON
IN DEC MONTH CANCELLATION BILLS AND ST3 RETURN REVISED TIME BAR.
IN JANUARY MONTH CAN ADJUSTED STAX RS 12 360/-PAYABLE S TAX AMOUNT.
RISE CREDIT NOTE LESS GROSS BILLS AND ADJUSTED S TAX SO EQUAL TO P & L GROSS BILLS TALLY FULL YEAR
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