02 August 2016
i am running tour & travels business and owned 3 tempos. now my gross receipt exceed 10 lacs during the year. one of my friend who is accountant by profession told me to take service tax no. but my CA says if you take service tax no, then you will not get exemption of section 44ae, now i am confused whether to take service tax no or not?
another if i am applying for service tax then whether i have to maintain accounts? whether section 44ae applicable or what should i have to do?