I am a contractor in BHEL.I have taken service tax registration on 01-07-2007. Bhel has paid service tax from October 2007 to us. I have received service tax amount & not paid. I have paid only for 2 months I.E., Oct-07 & Nov -07 in time. In the year may 2011 service tax department raided & issued show cause notice for pending service tax payments from 2005 to 2011. In the mean i have paid pending service tax payments upto date. But service tax dept has filed case for pending from 2005 to 2011. In which i have not collected amount from 2005 to 2007 from BHEL. But service tax department insists me to pay the amount. We have filed petition in cestat banglore. cestat has insisted to pay security deposit for stay petition. In mean while i have not paid service tax dues from 2011 to 2013. Last in VCES we have filled pettion & paid the balance amount. In feb-2014 service tax department has stopped payments from BHEL & Put Hold Bank accounts saying that the cestat has dismissed the stay pettion. But cestat has dismissed pettion in may 2014. Now how i have to pay balance VCES amount. The pending payments with bhel & balance vces amount are same.
Can i submit insolvency petition. What are the Circumstances i have to face in Future.
