Is it mandatory to do st registration for new business
This query is : Resolved
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
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
25 October 2013
you can wait till you touch Rs 9 lakh as turnover.
Message likes :
1 times
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
.
.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Taxation on LTCG for property sold after 24JUL2024
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- LTCG for Assmt year 26-27
- REGARDING GST LIABILITY/....
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
