Registration procedure

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kuldeep kaushik (Querist)
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18 May 2011 1. What is the procedure for online registration ?

2. Is receiver of transport service required service tax registration ?

3. If yes then what is the limit ? and what is the abatement is it 75% if yes then the tax rate will be 2.575 % or not ???

CA Unnikrishnan Nair N

CA Unnikrishnan Nair N (Expert)
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19 May 2011 1. Register with aces.gov as a user. Then login and go to REG . Fill in form ST-1 and upload. This goes the registering authority who will issue ST-2 on-line or in paper form.
2. Specified category of receivers of GTA shall get registered and pay service tax.
3. No threshold exemption . Service tax @10.3% on abated value . Abatement is 75%.

kuldeep kaushik

kuldeep kaushik (Querist)
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19 May 2011 Dear Sir Could u please tell me that the limit of Rs. 1000000 is available to all assessee then he shall be liable to pay tax only after the receipt of Rs. 1000000+ so this might be said as threshold limit or not ?

CA Unnikrishnan Nair N

CA Unnikrishnan Nair N (Expert)
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21 May 2011 Threshold exemption means no service tax liability up to Rs.10 L. After crossing Rs.10L tax is payable only on that value in excess of Rs.10L. In order to qualify for this exemption , the aggregate value of all services provided by the assessee shall not exceed Rs.10L in the preceding year. But if assessee is liable to tax under reverse taxing like GTA services, threshold exemption is not available.

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