Financial Difficulties not a Defense If Assessee failed to pay Service Tax Collected from Customers to Govt: Bombay HC [Read Judgment]

The Bombay High Court has recently ruled that the defense of financial difficulties cannot be invoked by the assessee when the assessee failed to remit the service tax amount collected from the customers to the Government exchequer. The CESTAT had earlier held that the appellant was aware of his responsibility for payment of service tax […]

The post Financial Difficulties not a Defense If Assessee failed to pay Service Tax Collected from Customers to Govt: Bombay HC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.

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