Service tax issue
This query is : Resolved
13 August 2013
Dear sir,
It is a new company, started 9 months back, where in he could get few orders from a single client,the client made the late payment of the bill which includes the service tax. due to such delay in payments my business suffered huge loss and since i borrowed the money from my relatives and friends,i used the service tax money to clear the debts, since the company does not have the business, and looking forward to advise how to not pay the service tax, since i already utilised the amount.
kindly advise.
Dear sir,
It is a new company, started 9 months back, where in he could get few orders from a single client,the client made the late payment of the bill which includes the service tax. due to such delay in payments my business suffered huge loss and since i borrowed the money from my relatives and friends,i used the service tax money to clear the debts, since the company does not have the business, and looking forward to advise how to not pay the service tax, since i already utilised the amount.
kindly advise.
RENGARAJ R.K
(Expert)
14 August 2013
In the open forum, the query of how to avoid payment of service tax which is collected, is not to be raised.
You have to consult your auditor.
You have to consult your auditor.
CA Suresh Jain
(Expert)
15 August 2013
It seems that you are registered under service tax and therefore, withholding the tax collected by you will lead you to pay interest, penalty and also face prosecution.
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