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Registration of import export services

Abhimanyu Bind (CA Final Student & Audit Assitant) (2049 Points)

22 June 2011

PLEASE ADVISE, UNDER WHICH CATEGORY SHOULD I REGISTER A PARTNERSHIP FIRM DOING IMPORT-EXPORT BUSINESS?

THAT MEANS THEIR A FIRM HAS BEEN ESTABLISHED AND ASKED ME FOR FILLING ST-1 ON BEHALF OF THEM, BUT I AM CONFUSED ABOUT THAT UNDER WHICH SERVICE SHOULD I TAKE REGISTRATION, THEY ARE SAYING THEY WILL DO IMPORT-EXPORT. (THERE ARE 123 SERVICES IN LIST)

PLEASE REPLY ON URGENT BASIS?

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3 Replies

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 22 June 2011

for import export business of goods, the firm has to get registered under GTA minimum and discharge the service tax liability on GTA services as receipent,

for more details about taxable services provided, you have to ask the management for the list of services done by them.

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Abhimanyu Bind (CA Final Student & Audit Assitant) (2049 Points)
Replied 22 June 2011

As per there partnership deed they will do the " Business of Trading, Purchasing, Selling, Packaging, Mixing, Import, Growing, Cultivating all kinds of Vegetables, Spices etc. and all other kinds of business as agree by the partners.

I cleared with a partner and he said they will do import-export. Now, under which business category should I take registration by filling ST-1.

They have already obtained IEC. Now, expecting for some more replies. Thanks in advance.

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 23 June 2011

unless they provide any taxable service they are not entitled to file service tax return, but as Goods Transport service is used in goods and service tax, and the liability of GTA service tax is adhared to service receipent, the firm is liable to pay service tax on GTA services availed.

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