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What if I do not declare the value of outstanding taxable services realized during the half year period when no services are provided?

April 26, 2017declare Half period provided realized Services taxable value year

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What if I do not declare the value of outstanding taxable services realized during the half year period when no services are provided?

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This will amount to suppression of value of taxable service or mis-declaration and in such cases demand can be made by the department for past five years in terms of proviso one to section 73(1) of Chapter V of Finance Act, 1994, as amended and penalty under Section 78 is also leviable.