Service Tax non payment

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This query is : Resolved

Mukesh Kumar Tomar (Querist)

27 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?
we are a infrastructure / construction company.

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)

27 October 2009 Check the link below

https://centralexcisechennai.gov.in/CHENNAI4/ServiceTax/servicetax3.htm

Mukesh Kumar Tomar

Mukesh Kumar Tomar (Querist)

27 October 2009 Dear Sanjayji

i that clears 1 part of my qerry,

2nd part is balance the accounting treatment.

thanks & regards.

Ram Avtar Singh

Ram Avtar Singh (Expert)

27 October 2009 service tax cenvat credit can be avail its allowed on payment basis. now pay service tax and take cenvat credit. but panality & interest can not adjust. it will pay directly to govt.

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