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.
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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
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