Taxes to be paid


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
05 May 2013 Dear Members
I have to know that if any individual is running business of "Mess" & having turnover Rs. 15 Lakhs then which taxes are applicable??
He have to register for service tax, VAT along with his individual PAN or new PAN is to be applied in the name of the firm??

06 May 2013 register for service tax and VAT.
since the business is being run in individual capacity, the individuals pan is to be used

20 June 2013 Since your turnover has exceeded you are liable for service tax as you are rendering the services to the students or other persons by way of providing them food. Since you are not registered under any act you cannot claim composite scheme. On the TO of 15L you have to pay Income Tax if the net profit exceeds the minimum amount liable for income tax.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 June 2013 Thanks Sir
But have I to register for Maharashtra VAT as turnover is above 5 Lacs??

26 July 2025 https://docs.google.com/document/d/1zzg2KNi-Th2k936yb8vmoTE5_EQt0p9VnlbilXOxPZ4/edit?usp=sharing


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
29 July 2026
ACCOUNTANT

ONESTEP GST SOLUTION

New Delhi

B.Com

View Details
Company
23 July 2026
CA Inter

Vikram Jadhav and Company

Pune

CA Inter

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
06 July 2026
Senior Accountant

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details
Company
Featured 18 July 2026
Senior Manager- Finance & Accounts

apricus india

Ahmedabad

CA

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details