01 March 2009
I am providing services (White Wash) from last 3 years and but my turnover in last 2 year is more than 10 laks pa but i don't hvae service tax no..
I want to take service tax no. but have fear that govt. will raise the liability on my previous transactions, so pls. suggest. I am also filing my Income Tax Return.
Also I want to know in which category my service will come.
01 March 2009
For the purpose of service Tax with effect from June 2007 'white wash' will come under 'works contract services' as per section 65(105)(zzzza) of the Finance act,1994. Accordingly if the gross value of services renderd is more than Rs.7,00,000/- and Rs.9,00,000/- in financial year 2007-08 and 2008-09 respectively such service providers are bound to take service tax registration.