Dear All,
Please guide me in the below topic:-
In one of my site there is huge delay in my receipt of payment. Which resulting in huge liability of service tax for me. so i just want to know is there any case law or any other rules through which I can delay booking of service in my accounts.
please suggest me..
Tushar Drolia
If tax is due and payable there is no provision for deferring. You can pay after due date which will attract interest and penalty on the amount due.
Regards
Dayananda
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Final
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Hyderabad
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ADY & CO.
New Delhi
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