I want to ask that suppose if I(Proprietor) engaged in providing consultancy services and gross receipts of my concern is around Rs. 9 lacs.
Now, my gross receipts will be increasing and will cross the threshhold limit of RS. 10/ 9 lacs.
So, I wanted to start a new company from which I also provides consultancy services so that I can avoid the liability of service tax in my proprietorship firm (because I would not exceed the limit in the concern and over & above the threshold limit I will provide the services from company).
04 May 2012
You can open a new partnership firm or company but not new proprietroship where you would be the proprietor to save the incidence of service tax.
CAclubindia
