Respected all forum members,
I have one question regarding applicability of audit of service tax in case of private limited company converted from partnership firm?
we have received new registration number for private limited company in march 2015 and filed our return accordingly..
whether service tax audit is applicable to private limited company only or its applicable to partnership firm also??
Service Tax Audit Applies to Converted Entities Under Rule 5A; Old Firm Documents Can Be Verified A forum member inquired about the applicability of a service tax audit for a private limited company that was converted from a partnership firm. The discussion clarified that, under Rule 5A of the Service Tax Rules, 1994, all assessees are subject to audit, regardless of their status as a new or closed entity. The forum also noted that the audit department has the authority to verify documents of the old partnership firm, even if the notice was issued to the private limited company. The self-assessment method of service tax was also mentioned as part of the audit process. (AI Summary)
TaxTMI 
TaxTMI 
