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.
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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
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