Sir,
I Anant Sharan Mishra have Service Tax Number of my proprietorship company Web AllWays which provides IT services (Website Design and Promotion).
I would be grateful for your kind help that "I want to know that if my company annual turnover is below 10 lakh then should I have to pay service tax or not" beside I've basic information that below 10 lakh turnover is non-tax payable.
I'm asking this to you to clear my confusion which created because one of my server tax layer friend told me that after getting the service tax number for my company I would have to pay the tax @ 12.36 for any turnover even it's below 10 lakh (like 2 or 4 lakh) as exemption is removed after getting issued the service tax number and he is advising to surrender the service tax number.
Please, help me so that I could be clear......!!
King regards,
Anant Sharan Mishra
CAclubindia
