Every service provider in India is aware of service tax and many have at some point dealt with a penalty for late filing of service tax return. For those who are not aware, service tax is an indirect tax that is levied on the services provided by any service provider. Consumers are responsible for paying this service tax which is included in the invoice, and service providers are responsible for collecting it and paying it through the service tax return.
Has your company issued shares of more than 10 lakhs in FY 16-17? Has your company issued debentures/bonds of more than 10 lakhs in FY 16-17? Are you required to get your books audited under the Income Tax Act? Have you received cash in excess of Rs 2 lakhs from any person for sale of goods/services?