Regarding service tax registration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 March 2017
Hi, Sir
If a pvt. ltd. Co. exeeds it's sales from services above 9 lacs in last two FY ( 2014-15 & 2015-16 ) and still not taken service tax regt. as the the service is exported to abroad and it is being exempted in this case. So co. does not pay any service Tax.
But if co. want to take regt. now then the co. will take regt. whether as per service tax rule OR GST rule ?.
Is there any penalty charges by dept. as the co. not yet taken service tax regt as the turnover crossed 9 lacs in last two FY as stated above.
Please reply soon.
Rergards
Ajoy
If a pvt. ltd. Co. exeeds it's sales from services above 9 lacs in last two FY ( 2014-15 & 2015-16 ) and still not taken service tax regt. as the the service is exported to abroad and it is being exempted in this case. So co. does not pay any service Tax.
But if co. want to take regt. now then the co. will take regt. whether as per service tax rule OR GST rule ?.
Is there any penalty charges by dept. as the co. not yet taken service tax regt as the turnover crossed 9 lacs in last two FY as stated above.
Please reply soon.
Rergards
Ajoy
CA Shubhanshu Jain
(Expert)
21 March 2017
Till now new registrations under GST are not started, if you want to take registration you to apply under service tax and later on after registration migrate to GST.
If turnover in previous two years is cumulatively more than 9 lakhs then there is no penalty but, if turnover in both years is more than 9 lakhs, penalty of Rs. 10000 may be levied by department.
If turnover in previous two years is cumulatively more than 9 lakhs then there is no penalty but, if turnover in both years is more than 9 lakhs, penalty of Rs. 10000 may be levied by department.
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