Whether assessee is liable to pay collected service tax as per provision of Sec.73A even if his turnover is below the taxable turnover i.e. if assessee is availing small service provider exemption?
3 April, 2015
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Deposit of collected service tax must be remitted even if small provider exempt; penalties apply for non-deposit. Section 73A requires that service tax collected from customers be deposited with the Central Government even if the collector avails the small service ... Summary
Deposit of collected service tax must be remitted even if small provider exempt; penalties apply for non-deposit.
Section 73A requires that service tax collected from customers be deposited with the Central Government even if the collector avails the small service provider exemption; tribunals have held that collection triggers an obligatory deposit and failure to deposit and to file returns attracts penal action and enforcement for non-compliance.
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