When Service tax is applicable .
This query is : Resolved
27 May 2010
Any person is propritor of two firms and ternover of both of them reach up to 10,00,000 or 12,00,000 then service tax is liable for both the firms?
CA Debasish Banerjee
(Expert)
28 May 2010
Yes
It is on the basis of individual that turnover is considered. all Proprietorship firms of an individual shall be considered as one unit
It is on the basis of individual that turnover is considered. all Proprietorship firms of an individual shall be considered as one unit
28 May 2010
As per service tax act in parner ship firm one unit turnover cross above 10,00,000/-is liable to take registration.
Pankaj Jhawar
(Expert)
28 May 2010
Yes you are liable to pay service tax on both of your firms, take immediate registration, pay tax and file return
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