Tds receivable - service tax impact

430 views 4 replies

Assessees who are paying Service Tax on receipt basis sometimes know about the TDS dedcuted from their Income only at the year end from 26AS or even later at the time of filing the Income Tax Return.

This TDS must have also been a part of the Income which was assessed for Service Tax purposes. Since it was not known at the time of ST payment (on account of various reason viz oversight, lesser control), the Value of Taxable Services was understated.

In this case, what can be the possible options to rectify the situation?

Replies (4)

Dear Alamelu Lakshmi,

Is in simple terms is your qn "Short payment of ST" ? 

In Case of Short payment of ST, pay the shortage along with Interest. And File Revised Return if possible.

In case the time for filing the revised ST return has expired? 

In case the time for filing the revised ST return has expired? 

You can pay the shortage as Arrears in ST in the subsequent ST3 return. 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
ARTICLESHIP 08 July 2026
Articles

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details