banner_ad

Service tax payable for a new company

Queries 414 views 2 replies

Hi All,

I have registered a new OPC company(Software Services) under New Companies Act 2013 four months back, as i am having engligible transaction apart from the invested paid up capital of rs 100000.

I am about to get the first payment from my first client for Rs 11 lakh change.

Question One:

1. DO i have to mention Service Tax Registeration Number in the invoices i raise ?(P/s i have zero transaction till date, & i have not regisered with service tax)

Question Two:

2. Will i come under service tax scrutiny for this transaction?

Kindly Advise ,

Thanks In Advance

Regards

Vaibhav

 

 

 

 

Replies (2)

hi there

yes you should register under service tax act as you have crossed the minimum criteria of rs 1000000/- and need to pay tax on receipt of rs 1100000/- , treat the amount as inclusive of tax, calculate the amount and deposite the same with department.

hope you are clear

You need to register and pay ST on Rs. 1 Lakh after claiming 10 Lkahs as exemption.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

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

Search Synergy

Mumbai

CA

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details