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.
30 December 2015
service tax in not linked to profit. no exemption is available for this case.
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