Registration
This query is : Resolved
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.
03 March 2014
But Bank needs some entity proof for opening current account, I have enquired with Bank.
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
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Gift of mutual fund units to daughter
- Under construction property in ITR
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Not able to file ITR
- Reporting of STCG on Property in ITR
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
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
