06 April 2009
My Annual Turnover (Invoicing) are more than 10 Lakhs since the inceprtion of the business i.e. from 3 years (in each year )but payment receiving against those billing is not more than 8 lakhs per year till date. sud i wait for the year in which Receiving exceeds 9 lakhs to obtain regn.
Is there any provision for insisting the payment receipt against the Billing.
08 April 2009
The requirement of registration is when the taxable services provided by you exceeds Rs.9 lakhs. Pyament of ST commences only when the total taxable receipts in the year exceed Rs.10 Lakhs It is assumed that the pr yr total taxable services provided was less than Rs.10 Lakhs.
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