Hello, I run a software development proprietorship. For 2009-10, I estimate revenue of Rs.20 lakh from exports, and Rs.one lakh from domestic business. I have not yet registered for service tax.
1. Is my taxable service Rs.1 lakh or Rs.21 lakh?
2. If it is Rs.21 lakh, do I need to register for service tax?
3. If I start a second proprietorship just for my domestic business, will I still need to register for service tax?
thanks in advance,
Sanjeev.
No registration necessary for you unless you wish to claim the refund of the ST paid on your input services like link charges/ insuracne etc.
Thanks Madhukar. I don't plan to claim any ST refund.
I'm assuming I can continue with just one proprietorship and not have to register.
Yes
Thanks Rajesh.
| Originally posted by :Madhukar N Hiregange | ||
| " | No registration necessary for you unless you wish to claim the refund of the ST paid on your input services like link charges/ insuracne etc. | " |
I just came across this thread, i had a similar query on a different thread. Interestingly someone else on that thread has opined differently.
/experts/experts_message_display.asp?group_id=259950
CAclubindia
