During the FY 15-16, there was some amount to the tune of Rs. 8 lakhs to be paid towards Service tax. Due to the non payment from Creditors. We have landed with financial crunch and unable to pay the service tax till date.
Kindly clarify the consequences of this and if we have to pay now. What is the procedure of doing this since currently GST in force.
22 July 2019
You may be asked by the Superintendent to file return and other relevant documents. Then, you will receive a Show Cause Notice. After that Order-In-Original, quantifying tax liability with interest and penalty will be issued. You may, if required, file appeal before CCE (Appeals), then before CESTAT, thereafter before High Court and finally Supreme Court.