SC tells retailers to pay 50% of outstanding service tax

Last updated: 17 October 2011

The top court will take a decision on the remaining 50% after a final hearing on the matter The Supreme Court on Friday ruled that service tax on commercial rentals for retailers would be applicable with retrospective effect from April 2007, and they would have to pay half of their liabilities in the next six months in three installments. The top court will take a decision on the remaining 50% after a final hearing on the matter. The court ruled on a petition filed on 28 Sep
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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