21 June 2013
Dear Sir/Madam I am sole proprietor and I want register my organization under service tax for opening a current account in bank. I have PAN card on my own name, I don’t have PAN card on organization name. So how can I register my organization under Service Tax on my organization name so that I can open my current account with bank on organization name.
21 June 2013
First of all, PAN card is never in organization name in case of proprietorship business. Secondly, if the sole purpose of registering is get a bank account opened in your name, then it is advisable that other options are available. Go for registration under Shop Act or register with Udyog Bhawan under MSMED Act. You will save your quarterly service tax return fees along with other formalities.
CAclubindia
