Registration certificate

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 June 2013 Dear Sir,
There is person does the work of labour supply. He want to open a current a/c in the name of his firm "M/s Friend Enterprises". However bank person are not opening a/c on the basis of his PAN card and residence proof. They are asking him to produced any registration certificate in the name of firm issued from any govt. departments.

As labour supply does not liable to VAT registration. Then what is the solution for the problem.

Please advise me.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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20 June 2013 Your work will apply service tax.I suggest you to go for registration under service tax and produce as proof.

How ever incase your turnover not exceeds Rs.10 lakh you can claim basic exemption as well

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