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Author : Anonymous
( Author )
27 April 2012
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i am starting a website and will accept the payment through paypal payment gateway (as buyers would be from US only)
do i need to register for service tax for accepting such payment or can i open a individual current account to accept the payment
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Author : Anonymous
( Author )
27 April 2012
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is there any one to reply ??
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Mihir Doshi
( Expert )
27 April 2012
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Wait for some one to reply....
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Kishore B
( Expert )
27 April 2012
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Once your gross receipts cross 8 to 9 lakhs (INR) then you had better register under ST.
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Author : Anonymous
( Author )
27 April 2012
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ok but is it necessary to register even for the payment gateway and can i get it with my individual pan card
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Kishore B
( Expert )
27 April 2012
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am trying to cover all the bases of your question, not sure what you meant by Payment Gateway.
Do you have a PAN card in the name of your firm/busniess? OR only a pan in your individual name??
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Author : Anonymous
( Author )
27 April 2012
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i have a pan card on my name only not the business name
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Vivek Mehta (CA, CS, MBA)
( Expert )
27 April 2012
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you'll be offering wht...a service or a tangile product through website. if you are offering for sale a tangible product thn no need of the service tax you'll be required to get registered under your local sales tax or say vat.
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Author : Anonymous
( Author )
27 April 2012
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it's service (educational), but cant be done as a individual by giving my pan card number and without registering for service tax
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Vivek Mehta (CA, CS, MBA)
( Expert )
27 April 2012
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You can render the same without getting yourself registered to the service tax, till the time your receipt does not crosses the sum of Rs. 9 lac. As soon as ur receipt in a year crosses the figure of 9 lac apply for registration and from the figure of just after the figure of 10 lacs u need to charge service tax in the current year and also in the subsequent year too.
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Author : Anonymous
( Author )
27 April 2012
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thank you sir
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