https://www.taxtmi.com/acts?id=17885 A newly inserted provision imposes personal liability on directors, managers, secretaries and other officers who are in charge of and responsible for company business and are knowingly concerned where the company commits specified service tax contraventions: evasion of service tax; issuing invoices or challans without provision of taxable service; availment or utilisation of credit without actual receipt of taxable service or excisable goods; and failure to remit collected service tax within six months. Such persons face a monetary penalty which may extend to one lakh rupees. en-us Wed, 15 May 2013 10:07:17 +0530 Thu, 20 Nov 2025 11:36:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17885 A newly inserted provision imposes personal liability on directors, managers, secretaries and other officers who are in charge of and responsible for company business and are knowingly concerned where the company commits specified service tax contraventions: evasion of service tax; issuing invoices or challans without provision of taxable service; availment or utilisation of credit without actual receipt of taxable service or excisable goods; and failure to remit collected service tax within six months. Such persons face a monetary penalty which may extend to one lakh rupees. Act-Rules F. Acts / Amendment Acts Wed, 15 May 2013 10:07:17 +0530 https://www.taxtmi.com/acts?id=17885