Applicability of service tax
This query is : Resolved
27 November 2012
A private limited company is having gross service revenue of Rs.800000/- during the F.Y. 2010-2011 thereafter in F. Y. 2011-2012 it had gross service revenue of Rs.1500000/- therefore the company was registered in Service Tax department under “ Maintenance & Repairs Service” and it started paying Service Tax to the department and also filed the returns in proper manner but subsequently in F. Y. 2012-2013 due to some unusual factors suddenly the business was badly affected and gross service of the company came down to Rs.500000/-.
Therefore in this regard is it obligatory for the company to pay Service Tax in F.Y. 2012-2013 and if it is obligatory then under which Section this is applicable ???
Therefore in this regard is it obligatory for the company to pay Service Tax in F.Y. 2012-2013 and if it is obligatory then under which Section this is applicable ???
28 November 2012
Yes. The company liable to pay service tax on Rs. 500000. Old section is applicable.
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