15 April 2017
as per service tax provision service tax on director remuneration should be paid under head other services , whereas I paid the same under head legal consultancy service .Can this be corrected and if not what will be the consequences?
15 April 2017
If Service Tax is deposited in wrong accounting code or wrong Service Tax code, such mistakes can be rectified. Where Service Tax has been paid in wrong accounting code which may occur due to wrong data entry for accounting codes, it has been clarified that as long as these mistake have happened in the same Service Tax code (i.e., same registration number), assessee should inform the jurisdictional Commissionerate in writing alongwith copy of Service Tax payment challan. The Department shall report the matter to PAO who would carry-out necessary corrections and inform the Department and assessee of the action taken.
CAclubindia
