Ser. Tax Applicability

Service Tax (Legacy) 1290 views 8 replies

Dear Sir,

My self piyush panchal and i want to know what is the applicability of service tax [Service tax limit] for Banking and Financial Serivces. My client have started his firm from last 6 months and his gross receipt is about  9 lacs to 9.50 lacs.

Whether there is requirement of service tax registration number or not

Replies (8)

The Service Act says that one need to have take his Firm registered as and when your turnover  is Rs 9.00 Lacs and you will charge the service tax after your turnover exceeds Rs 10.00 Lacs. 

So, you have to get your firm registrered with Service Tax authorities  

Regards

CA Amit Kumar Hallen

 

As per service tax rule trashhold limit of Registration under service tax is Rs. 9 lac per annum .

Mr.Panchal Piyush

Exceeding 9lacs - registration compulsory

Please register the firm with service tax commissionerate and get the service tax number.....

the registration should only be done through this site....

www.aces.gov.in

Dear Piyush

Limit for service tax liability of Rs. 10 Lacs, but after exceeding 9 Lacs you will have to registered.

See Notification No. 8/2008/ and 9/2008.

According to the Service tax Rule that Assessee have to take his Firm registered as and when your turnover  is Rs 9.00 Lacs and you will charge the service tax after your turnover exceeds Rs 10.00 Lacs

So it should be registered in sevice tax 

 

my query in this regard is that if in any F.Y. say 2009-10 turnover is 750000 and and in in F.Y.2010-2011 it is 300000. then whther in 2010-2011 he is to got registration done for service Tax?

Dear Naiyer,

The turnover criterion is for a single financial year and not cumulative in nature and hence the turnover of Rs 9.00 lacs is for a financial year.

amit is right........................


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details