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Is service tax registration mandatory for proprietorship trading company?
Respected Sir/ Madam
Good Day………
I run one bellow stated proprietorship company
Business Type: Trading of Chemicals & Organic Fertilizer
Company Nature: PROPRIETORSHIP
Annual Turnover: ~ 2 Crores
I get transport Bill of ~ 80 Lakhs from Transporter annually.
Some transporter having service tax registration, Some have no
So i request you to know “is my Proprietorship trading company require to register in SERVICE TAX?”
Replies (3)
No
No registration is needed from your side.
Service tax liability in case of services by way transportation of goods by an GTA would be on the specified persons who is liable to pay freight.
The specified person include A factory, registered society, a body corporate, a dealer of excisable goods registered under Central Excise, any partnership firm,
Being a proprietor, you are not liable to pay service tax on GTA services received, unless you are a dealer registered under central excise.
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