Payment of Service Tax

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..... Payment of Service Tax
Query (Issue) Started By: - JANARDHAN BUDDHATHI Dated:- 21-2-2012 Last Reply Date:- 21-2-2012 Service Tax
Got 3 Replies
Service Tax
HI, Our Service tax laibility f .....

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..... or the preceding financial year is NIL but in current financial year our laibility exceeding Rs.10 lacs. But in advertantly we have discharged our laibility by issuing cheque instead of e payment. Ca .....

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..... n you please suggest What are imlications inthis regard. Is there any way to avoid those implications. Notification clealy says that e payment is mandatory if liability in preceding financial year ex .....

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..... cedding Rs.10lacs. But how we can understand it is for current f.y.also. Thanks Reply By Pradeep Khatri: The Reply: Department may impose penalty of Rs. 5000/- on non compliance of this provision. .....

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..... Reply By raj kumar shukla: The Reply: Before the limit was lowered for E payment from 50 lakhs to 10 lakhs w.e.f. 01.4.2010. the limit percribed for Epayment (50 lakhs) was meant for payments made i .....

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..... n preceding financial year as well as current financial year.however W.E,F 01.4.2010 it is limited only for preceding fincial year, and not for current financial year. Reply By JANARDHAN BUDDHATHI: T .....

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..... he Reply: Thank you very much. But still there are different views. whether notification applies for current f.y. also. Can we interprete it applies to curret f.y. as in the notification clearly ment .....

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..... ioned for preceding financial year.
Discussion Forum - Knowledge Sharing .....

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