Service Tax for a startup organisation

Queries 429 views 1 replies

If one start a new company in 2010 into education & training or takes up a franchise from another company does he ned to register for service tax immidiately or is it turnover based that after a perticular turnover he is liable to get registered. ALso is it mandatory to get registerd first then do the transactions only or he may sign up as franchisee and also register for the service tax in the same FY 2010.

Abhishek

Replies (1)

No, it is not mandatory for a new firm to get it registerd under service tax before starting of it's operations, But once the company's turnover exceeds the limit as mentioned by the act, co. has to get itself registered.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register