Service tax registration

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This query is : Resolved

Saritha (Querist)

17 November 2013 Dear sir,
I would like to start a service center for electronic lab equipments. Annual turn over must be below 5L. Is it require service tax registration. Or any other type registration required or not

please reply

Madhukar N Hiregange

Madhukar N Hiregange (Expert)

17 November 2013 Threshold limit is 10 Lakhs. In your type of work, advisable to claim the exemption as there are several issues in valuation and many customers may not be in position to avail the cenvat credit.

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Nikhil Kaushik

Nikhil Kaushik (Expert)

17 November 2013 you are covered under small service provider exemption. So as long as your turnover is less than Rs 10 lakhs, need to not go for service tax registration.

Saritha

Saritha (Querist)

19 November 2013 ok thank you sir.

Now I have taken 1 room for rent. It is in village area. Now I need a bank account with company name, what are the procedures for that and what documents required for that?

please reply

regards

saritha

Nikhil Kaushik

Nikhil Kaushik (Expert)

19 November 2013 for address proof, a letter from landlord or the rent agreement (possible that it may not be available in your case) should suffice.

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