Sir,
I'm running a placement agency in Vijayawada (started on 1st april 2010) and applied for a service tax number. and i've done a business of 55 lacs in first year
FY-2010-2011
Breakup:
1) 10 lacs exempted to get a service tax number (service tax not collected)
2) 10 lacs exempted, since services provided to sez units
3) 35 lacs : collected and paid
in april 2011 i converted mu proprietorship organization into partnership and applied for new pan number, which i got in the month of may, gradually i applied for new service tax number after recieving my pan number, I got my new service tax number in mid june 2011.
Till june 2011 i was using my old service tax number and done a turnover of 20 lacs (2 lacs tax not paid) and i surrendered the same.
from june 2011 to march 2012, i've done a business of 40 lacs to which i've paid tax of 3.5 lacs (50000 still pending) and i have alread filed my returns.
yesterday i got a notice from Service tax department that my account has randomly been picked up for scrutiny by department and i need to submit invoices.ledger, cenvat credits , challans etc.
Since i've not paid a tax of rs 2 lacs which i collected on old service tax number between april and june 2011(though the account has been surrendered, i want to know that whether they'll come to know about it?) if the party claim cenvat from whoem i've collected the same will this effect me.
How strong is ST department's online presence? does everything reflect on their system?
or i have to pay the entire outstanding (which is really very difficult at this point of time).
or is there any other wayout.
Looking forward to experts earliest reply.
CAclubindia
