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Need advice for service tax

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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

Replies (1)

Jinesh Shah

freelancing industry

52 Points Posted on 03 December 2013

Well Mr. Mishra, I am afraid your Lawyer friend is correct, Once you have taken your service tax no. you are expected to mention the same in every service tax invoice, issued by you and charge service on each provision of taxable service, even though your total turnover doesnot exceed Rs. 10 lakh.

Not only that, you will also have to be very punctual in timely payment of service tax and filing of half yearly returns, to avoid penalties.