Service tax is been payable on accrual basis right from July 2011 as per the notification.
My question is that in a service providing company, they were not aware about the above amendment taking place from July 2011. Hence they continued charging service tax on receipt basis. And Service tax return is also filed for the period till Sept 2011. So what treatment is to be done?
Now, how to revise the return as the period of 90 days for revising service tax return is also lapsed.
And how to calculate the service tax payable for the current year in such a case.
Thanking you.
Waiting for your early reply.
CAclubindia
