Surrender of st3 and operation of proprietorship

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AniDesExc (Querist)
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16 March 2013 A proprietorship firm working in designing of book contents with total business of Rs2.0 lakh per annum is already registered with Service Tax Deptt. and having a current account too, want to surrentder ST2 since there is a no requirement to have a ST2 required for the business less than 10.0 lakh. Can a firm continue the same business, company name and current account? Is it required have a ST2 instead
Please advise..

Rajeev Kumar Garg

Rajeev Kumar Garg (Expert)
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16 March 2013 THERE IS NO REQUIREMENT TO HAVE SERVICE TAX REGISTRATION IN THIS YEAR IF YOUR BUSINESS TURNOVER WAS LESS THAN RS. 10 LAKH. THEREFORE, YOU MAY SURRENDER THAT.
THANKS.
PLEASE CLICK ON "THANKS", IF YOU ARE SATISFIED WITH MY REPLY.
RAJEEV KR. GARG
CUNSULTANT

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AniDesExc

AniDesExc (Querist)
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16 March 2013 Will I be able to hold the same current account too with same kind of business

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