Regarding Payment of Service Tax

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Mgr - Commercial
97 Points Posted on 21 February 2008

I am trader along with provide services also.  Total my turnover (Sale+Services) is around 20Lakhs, services alone is 5-6Lakhs only.  Here my doubt is shell I required to take service tax registration and  shell I liable to pay service tax, pls clarify.

B.V.K.Nageswara Rao.

 

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On 21 February 2008 at 09:57 Report
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DGM-F & A
1654 Points Posted on 21 February 2008
trading is not covered in Service Tax.till you have service taxable sale of 8 lac ,There is no need for ser.tax No.
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On 21 February 2008 at 13:19
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CA Final
34 Points Posted on 22 February 2008
If your Turnover w.r.t. Services exceeds or reaches Rs. 700,000/= then u have to register under Service Tax.
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On 22 February 2008 at 06:23
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Service
498 Points Posted on 22 February 2008
As per rules, you have to take registration when the income from service activity reaches Rs.7 Lakhs and start paying tax if, the turnover crosses over Rs. 8 Lakhs.
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On 22 February 2008 at 18:43
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Guest

Posted on 25 February 2008
unless your service taxable income exceeds Rs. 8 lacs you can do the business without having S reg No
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On 25 February 2008 at 15:33
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Professional
64 Points Posted on 25 February 2008
There is no need of service tax registration untill your service income comes R.7Lacs without consideration of your trading income
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On 25 February 2008 at 20:39

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