Is service tax applied to a loss making company?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 December 2015
Hi
Company A is charging service tax to Company B engaged in retail trade. However, Company B has started business since a little more than 1 year and is incurring losses. Is there any exemption by which Company B will not be required to pay service tax to company B since its incurring losses?
Any help in this regard is highly appreciated.
Company A is charging service tax to Company B engaged in retail trade. However, Company B has started business since a little more than 1 year and is incurring losses. Is there any exemption by which Company B will not be required to pay service tax to company B since its incurring losses?
Any help in this regard is highly appreciated.
Nikhil Kaushik
(Expert)
30 December 2015
service tax in not linked to profit. no exemption is available for this case.
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