Payment under different account head

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Payment under different account head
Query (Issue) Started By: - ganeshan kalyani Dated:- 5-8-2014 Last Reply Date:- 6-8-2014 Service Tax
Got 3 Replies
Service Tax
Dear Sir, I have made payment for service tax under reverse charge. the payment for Manpower is done under code GTA. Will that be any problem during assessment, as the payment is done and compliance is completed. As i unde .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rstand the service tax codes for payment are for statistical purpose for determining revenue under different services. Hence as far as the payment is made there should not be litigation. kindly through some light. regards, ganesh Reply By Pradeep Khatri: The Reply: Dear Ganesh, It is settled legal position that if inadvertently Service Tax is deposited in wrong accounting head then, service t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ax would not be demanded from the Service Provider/Receiver (as the case may be) again. Further, in Negative Tax Regime, these accounting codes are just for administrative purpose and for the purpose of statistical analysis. No need to worry. But, you should provide intimation to the jurisdictional Service Tax Department. Please check Circular No. 165/2012-ST dated 20th November, 2012 read with .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Notification No. 48/2012-ST dt. 30-11-2012 in this regard. Regards Team YAGAY and SUN (Management and Indirect Taxation) Reply By ganeshan kalyani: The Reply: Thanks. But just i am stretching the point, that if any assessee fails to submit the intimation to the jurisdictional Service Tax Department then what may be the consequences during the time of assessment. kindly through some light. Re .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ply By Pradeep Khatri: The Reply: Dear Ganesh, There is no provision in law to provide such information to the jurisdictional Range Superintendent of S.T. This is only for the purpose of safeguarding oneself in future. However, You may provide this information right now. Regards Team YAGAY and SUN (Management and Indirect Tax Consultants)
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X