I am in the process of starting a Business, wherein, I shall provide service for electrical repairs and maintenance, in doing so I may have to procure materials from Market and bill it as complete service Bill. Is it necessary that, I shall have Service Tax Registration, VAT Registration, CST Registration etc to carryout this business conduct. More over I am registered as MSME. My turnover is now Zero and it will take time to pick-up to 10Lakh. So can you suggest me what taxes shall be applocable to me.
Menu
Solution on tax matter
Replies (4)
service tax..yes on service portion
vat..yes on material portion
bill should show both portion and if not than will be taken as certain % on gross amt.
But what is the ceiling on Turnover of the business?
But is there any ceiling on the Turnover of the Business?
9 lacs registration limit for service tax
10 lacs for vat
Recent Threads
- Need advise with HRA claim
- Schedule AL limit for FY 2024-25
- Can a person use ITR 1 when she has CG of Rs.250/
- Choice of itr form
- DTAA with US - Interest & Dividend
- Last Year ITR Not Filed and Hence NO TDS was claim
- Does ITR2 take much longer for processing
- New GST Reforms 2025 Announced by PM Modi –
- Share capital Amount
- Fund claimed as nominee of deceased Parent
Related Threads
CAclubindia
