If a co. is not paying service tax(ST) since 2008 and it's M.D was changed in 2010. In 2012 when the co. is still a defaulter in payment of ST, in such a situation, can past employees be held liable for such default and what will be the liability of new MD in this regard?
Menu
Are past employees liable for st default
Replies (2)
New MD would be liable for the default. The penal provisions will be applicable on the company and since the company is operated by the directors and principal officers, they are personally liable to service tax.
New MD would be liable for the default. The penal provisions will be applicable on the company and since the company is operated by the directors and principal officers, they are personally liable to service tax.
Recent Topic
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
Related Topics
CAclubindia
