exemtion on service tax for new Pvt ltd co
This query is : Resolved
30 June 2010
Dear All,
we have opened new pvt ltd co,ours service oriented co,and we got 12 lac business
please guide me weather any exemption is service tax for new pvt ltd co and billing procedure for the client
Regards,
Mrityunjay
we have opened new pvt ltd co,ours service oriented co,and we got 12 lac business
please guide me weather any exemption is service tax for new pvt ltd co and billing procedure for the client
Regards,
Mrityunjay
30 June 2010
Difficult to opine in the absence of full facts.
Any new company will get exemption upto Rs. 10 laks(ie. initial recepit). Rest is taxable.
Bills to be raised within 14 days from rendering of service. In case of continuing services, yiu can choose your billing cycle.
Once the TO exceeds Rs. 9 L service tax registration is compulsory. Charge ST after crossing TO of Rs. 10 L.
Any new company will get exemption upto Rs. 10 laks(ie. initial recepit). Rest is taxable.
Bills to be raised within 14 days from rendering of service. In case of continuing services, yiu can choose your billing cycle.
Once the TO exceeds Rs. 9 L service tax registration is compulsory. Charge ST after crossing TO of Rs. 10 L.
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