Wrong value mention in Service tax return

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..... Dear Experts, We have mention wrong value in service tax return by mistake but service tax paid on actual value in 2007-08. Now it is very difficult to reconcile st-3 value with balace sheet. Pl tell me how can i face service tax department. Thanks - Reply By Seetharaman K C - The Reply = Dear Sir It seems fro your question that the value of taxable services metioned in ST3 return is wr .....

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..... ong whereas the Service Tax paid is correct. I think if the period is 2007-08 the return should have been filed manually. Since there is no revenue leakage for the Government I would suggest that you file a corrected return mentioning the correct taxable value and also write a covering letter mentionig the reasons for filing the revised return and also stress on the fact that there is no revenue l .....

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..... oss for the Department.Please also ensure you take acknowledgement of the letter. - Reply By Pradeep Khatri - The Reply = Revised return can't be filed now. You would have to approach to Commissioner in this regard with all material fact. Otherwise, at the time of audit conducted by the Department, an additional demand of the Service Tax on the wrong value as mentioned in return for the period .....

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..... 2007-2008 will be raised, and you can validate the wrong value with your Balance Sheet. Detail facts pertaining to this matter should be mentioned in your presentation and should be submitted before appropriate authority to show your bonafide. - Reply By JAMES PG - The Reply = The proposal of Mr Khatri is the only feasible solution. The acknowledged copy of the letter may be kept on record so .....

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..... as to avoid invocation of suppression and allied litigations - Wrong value mention in Service tax return - Query Started By: - RAM NAUDIYAL Dated:- 13-11-2012 Service Tax - Got 3 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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