Registration
This query is : Resolved
Pooja Maheshwari
(Querist)
03 March 2014
Hi,
One of my client is starting a proprietorship firm. He doesnot need to comply with service tax and TAN, because he is just starting. But when he applies for current account, bank needs some registration. If he goes for service tax registration for the sake of opening only current account. Does he need to pay service tax?
His TO will not exceed 10L.
One of my client is starting a proprietorship firm. He doesnot need to comply with service tax and TAN, because he is just starting. But when he applies for current account, bank needs some registration. If he goes for service tax registration for the sake of opening only current account. Does he need to pay service tax?
His TO will not exceed 10L.
03 March 2014
service tax reg is required only when gross income from such service exceeds rs 9 lakhs and payment of service tax only when it exceeds 10 lakhs...
he can provide pan no, licence from municipalty etc or income tax returns filed in personal life etc.
he can provide pan no, licence from municipalty etc or income tax returns filed in personal life etc.
Pooja Maheshwari
(Querist)
03 March 2014
But Bank needs some entity proof for opening current account, I have enquired with Bank.
Arun Kumar Singh
(Expert)
03 March 2014
Upto the 10 lakhs turnover no need to registered with service tax. For opening of bank account in the name of company it will be proprietor ship firm. All the details will be mention for bank account to proprietor and another option is he can take the telephone connection and rent agreement on the name of firm.
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
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
