Services tax on builders
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 August 2011
One of my client have not charged or paid the services tax on amount received on sale of flats, as it has not registered for service tax and came to know about compulsory provision now.
So what can be done now should it show that service tax is liable to paid in balance sheet which has not been charged and paid
Pl reply as in my opinion it should be shown liable to be paid and after registration it should be paid.
So what can be done now should it show that service tax is liable to paid in balance sheet which has not been charged and paid
Pl reply as in my opinion it should be shown liable to be paid and after registration it should be paid.
11 August 2011
Now if the party reflects the same in his records, that means he was aware of the situation and he has to get registered immediately and pay the service tax instant with interest and penalty for late filing of returns.
alternate
department will initiate investigation and fix audit for the party and will demand the service tax + interest, under this situation he may get saved of filing return of back periods, mere tax payment would be initiated by audit.
alternate
department will initiate investigation and fix audit for the party and will demand the service tax + interest, under this situation he may get saved of filing return of back periods, mere tax payment would be initiated by audit.
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
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding appeal to GSTAT
- Transporter Declaration form
- Copyright software
- LC charges in relation to Asset purchased should be Capitalised ?
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- Multiple trade mark
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
