glidor@gmail.com
21068 Points
Joined January 2010
@ Prabhat
disagree with your statement
indirect taxes rules are clear that records should be updated daily basis or as soon as possible, in excise ( the parent rules of service tax) the records are to be maintained prior to clearance, and if found not entered before clearance, its booked as "wilful evasion prone malpractice by assesee"
in service tax, keeping the field formalities in mind, the department has allowed to revise the return within 90 days, but if the assesee is not intereted to keep himself updated, then the bitter taste of indirect taxes can not be avoided.
if something has been missed adjust the same in next return, you will have to put your representation at audit or assessment, and if you can make it satisfied to the department at those steps, that the revenue is not evaded, then they usually will not generate any unpleasent situation.