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Service Tax - Highlights / Catch Notes

Home Highlights February 2024 Year 2024 This

Demand of service tax based on Balance Sheet - The Tribunal ...

Service Tax

February 1, 2024

Demand of service tax based on Balance Sheet - The Tribunal emphasizes that amounts reflected in the Balance Sheet cannot determine Service Tax liability without evidence showing that the entire amount received was taxable under Service Tax provisions. The decision also underscores that regularly filed ST-3 Returns should be effectively scrutinized at the preliminary stage, and mere non-payment of tax does not constitute suppression of facts for invoking the extended period of limitation.

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