I am running a sole proprietorship firm having turnover of below 1.50 Crore. Till date, Transporter Charge Service Tax on freight & I pay the same as per their Bill/G.R.
I am not registered under service tax. Our yearly freight charges would be around Rs.3 to 4 lacs.
My question is
1. Is I am required to get service tax registration. (My yearly frieght is appx. 3 to 4 lacs only)
2. Is exemption limit is not applicable to me (10 Lacs).
3. Who is liable to deposit service tax ( Me or transporter).
4. Can I continue the previous practice.
Please advice.
CAclubindia
