Is it mandatory to do st registration for new business

This query is : Resolved

AMAR GANDHI (Querist)
Follow

25 October 2013 Hi,

My wife is starting a new business from home as a recruiter. For the same, we are starting a new proprietory firm. Do suggest, if have to take service tax registration right now, or can apply for the same when our turnover crosses Rs. 10 Lakh limit.

As far as I understand, does that mean that in initial invoices (till Rs. 10 lakh is reached) we do not have to charge service tax.

Please suggest

Thanks,
Amar

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

25 October 2013 you can wait till you touch Rs 9 lakh as turnover.

Message likes : 1 times

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

25 October 2013 service ta registration mandatory once gross receipts exceeds 9 lakhs
.
.
once gross receipts exceeds 9 lakhs you need to register for service tax with in 30 days
.
.
as and when your taxable services in a year exceeds 10 lakhs you need to charge service tax to clients and collect the same and to be payable to department

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok