apply for service tax no.
This query is : Resolved
07 March 2009
is there any limit for applying service tax no. for any sevice provider.
or it is always neccessary for a service provider to apply for service tax no.
or it is always neccessary for a service provider to apply for service tax no.
07 March 2009
If your output service is taxable and you want to take Input Service tax credit then you have to take voluntry Registration
And
when your Taxable Service Turnover exceeds Rs.8 Lacs then it is mandatory to take Registration and your liability for payment of service tax arose once your Turnover exceed Rs.10 Lacs
And
when your Taxable Service Turnover exceeds Rs.8 Lacs then it is mandatory to take Registration and your liability for payment of service tax arose once your Turnover exceed Rs.10 Lacs
07 March 2009
It would like to highlight that the comments by Shahzad Sayyed are not entirely correct.
Following persons must mandatorily obtain registration:
1. every person liable to pay Service tax (i.e. in relation to transport of goods by road person who is liable to pay frieght; in case of import, the importer etc.)
2. An Input Service Distributor
3. Every provider of taxable service whose aggregate value of taxable service provided during the FY 08-09 has exceeded Rs 10 Lakhs (w.e.f. 1-4-08). (In other words, Service provider whose aggregate value of taxable service has not exceeded 10 lakhs are not required to obtain registration).
For every Service provider covered under bullet 3 above, a threshold exemption is provided to service provider whereby Service tax would not be liable to pay tax on value of service upto Rs 10 lakh (notification 6/2005 dated 1-3-2005 as amended from time to time).
Following persons must mandatorily obtain registration:
1. every person liable to pay Service tax (i.e. in relation to transport of goods by road person who is liable to pay frieght; in case of import, the importer etc.)
2. An Input Service Distributor
3. Every provider of taxable service whose aggregate value of taxable service provided during the FY 08-09 has exceeded Rs 10 Lakhs (w.e.f. 1-4-08). (In other words, Service provider whose aggregate value of taxable service has not exceeded 10 lakhs are not required to obtain registration).
For every Service provider covered under bullet 3 above, a threshold exemption is provided to service provider whereby Service tax would not be liable to pay tax on value of service upto Rs 10 lakh (notification 6/2005 dated 1-3-2005 as amended from time to time).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Offsetting interest income against derivative trading losses
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
