Service tax for e-business

Queries 769 views 6 replies

Dear sir

I have few queries

1. If I am registered with service tax then is it necessary to charge the service tax from the customer for new business? 

2. Can I start charging service tax when my business reaches nearby 10 lacks? but I have ST number

3. Or Can I apply for ST when It seems my business turnover nearby 10 lacks?. 

4. If I have ST number but not charging from the customer till I my turnover cross exempt limit 10 lacks, is it necessary to file the return.

Regards

Rakesh

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Replies (6)

See if you are not a company and just a startup then there is no necessity to get a service tax number. Wait till your business reaches a turnover of 9.00 Lacs then get yourself registered for service tax. In case you are using a lot of services where you get service tax credit & it is worth to have a service tax number to save some money, then please go right ahead and get the service tax number.

Thanks Praveen Ji for your nice comments. My simple questions are..

1. I am on starting phase to start e-business and i am not sure my business will reach at turnover at 9 lac or not. Inthis case should I go for service tax?

2. If I get service tax number in the begining of my business than is it necessary to charge service tax ? from the customers? till my turnover reaches at Rs9.00 lac?

3. If i am not charging service tax from the customers till my turnover reaches at Rs 9.00 lac than, is it necessary to file the return?

 

Regards

 

Rakesh

 

no need to get registered till your turnover is 9 lac and there is no requirement to charge it from your customers also

but if you charge them then it is mandatory to fill return and pay tax

if in  any previous year your turnover reaches 10 lac you are required to charge ST

Thanks Anushree,

May I  ask  besides ST is there any other registration required from government body  to start e-business (e-job portal)

Regards

i guess no let other reply for the topic

You can improve your business by many things. You dont worry about any kind of tax and all. Their are many ways to understand the structure of the taxes. Even you can get to know about tax by many sources. You just focus to improve it by Automotive Industry Reports, Consumer Goods Industry Reports and Agriculture Industry Market Research


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