My wife is starting a new business from home as a recruiter. For the same, we are starting a new proprietory firm. Do suggest, if have to take service tax registration right now, or can apply for the same when our turnover crosses Rs. 10 Lakh limit.
As far as I understand, does that mean that in initial invoices (till Rs. 10 lakh is reached) we do not have to charge service tax.
25 October 2013
service ta registration mandatory once gross receipts exceeds 9 lakhs . . once gross receipts exceeds 9 lakhs you need to register for service tax with in 30 days . . as and when your taxable services in a year exceeds 10 lakhs you need to charge service tax to clients and collect the same and to be payable to department
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