I have incorporated a new private ltd company for tour and travel services. As a new company, their receipts will not go beyond 10 lakhs in current financial year.
Whether they have to apply for service tax compulsorily?
Menu
Service tax for tour and travel agent
Replies (2)
Nope as per Service tax rules when receipt exceeds 9 lakh then u hv to apply for ST registration within one month
9 lakh limit is applicable for sale of service. but suppose you avail any service which is subject to reverse charge then you have to take service tax registration as your's is an private limited company so whenever your co. avail any reverse chatrge service co. is liable for payment of service tax.
Recent Topics :
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
- TDS on rent paid to RNOR Landlord. Can RNOR US tax
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
Related Topics :
CAclubindia
