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 ???
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