Registration liability
This query is : Resolved
18 October 2012
Dear Sir,
Suppose an assessee who deals in mobile flexi recharges and his annual turnover is above 10 lacs. If he pays Rs. 94/- to his principal company then that principal company will credit recharge value of Rs. 100/- in his mobile and further that dealer will sell it to a retailer for Rs. 96/-, thus his profit is 2%.
Now please advise me whether the said dealer is liable to obtain servise tax registration.
Thanks in advance.
Suppose an assessee who deals in mobile flexi recharges and his annual turnover is above 10 lacs. If he pays Rs. 94/- to his principal company then that principal company will credit recharge value of Rs. 100/- in his mobile and further that dealer will sell it to a retailer for Rs. 96/-, thus his profit is 2%.
Now please advise me whether the said dealer is liable to obtain servise tax registration.
Thanks in advance.
NITIN SHARMA
(Expert)
18 October 2012
In my openion he is not liable to take registration.
18 October 2012
However, his principal company is pressurise him to obtain service tax registration. Whether his business comes in the category of service.
MANOJ KUMAR SHARMA
(Expert)
19 October 2012
IN my view after july,12 it is not taxable because selling agent or distributor of SIM cards or recharge coupon vouchers is exempted in mega Exemption.
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