Hi,
I have a firm where in I render air condition services. I was told that, if I am sure of reaching 10 lakhs turnover in this financial year, then I must go for service tax registration and pay service tax even for jobs done before achieving 10 lakhs turnover. Is this correct ?. Pls guide me when to go for service tax registration and if I need to pay for the previous job works for which I have not billed Service tax ?
Regards,
Kishore
Condision - 1
if Assessee is sure that his turnover is exceed prescribed Limit i.e. 10 lacs .. than he must apply for Service Tax registration within 30 days of commence of Bussiness.
Condision - 2
If any Asessee turnover excedd 9 lacs he should apply for registration ... & start for biling with Service tax from when his turnover exceed 10 lacs... .. No S.T. Charges applicable in previouse Bills....in this case....
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
