Service tax payable for a new company

Queries 401 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.


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