Query regarding Service Tax Registration.
Guest
Firm was formed in August 2009.
Firm has a turnover of approx. Rs.80000/- as on date.
Firm now proposes to have Service Tax Registration.
Query
How the Firm can have ST Registration ?
That is, First Firm should complete the ACES formalities and get the PAN based STC number and then, it is required to pay Service Tax for the said turnover.
Ans : ...................
Whether the Firm can continue without obtaining Service Tax Registration and after exceeding the Exemption Limit, shall obtain Service Tax Registration.
Ans : ...................
Please advise how to fulfill the requirement and proceed further on the matter.
I shall await the Experts' Views.
And Firm have to collect Service Tax on turnover above exemption limit and to be deposited in bank before on the due date.
If Turnover remains under the exemption limit then Firm has to file Nil Returns of Service Tax
So either firm can go voluntary registration and claim the basic exemption or wait up to the turnover cross the limit
Guest
Thank you for your responses.
* * * *
My Query Contd.
The Firm does not want to avail the exemption.
The Firm wants to go for voluntary registration.
Query :
Whether the Firm can go for voluntary registration ignoring the existing turnover of about Rs.80000/-.
(Is it acceptable by the Service Tax Department of such registrations)
I may request you to see and respond suitably so that I shall proceed further.
Thanks.
Guest
Once again, thank you.
In fact, I have been informed by the Service Tax Official that as the Firm is serving for a branded courier (say First Flight Courier), the Firm is supposed to pay Service Tax for it's entire turnover and may apply for voluntary Service Tax Registration.
Please clarify, if possible, whether the STO's advise is right and in order.
Friend, I shall wait for your further advise.
Thanks.
yes, the STO`s advise is correct, as per notification no.6/2005/ST- DT:1.3.2005, which is dealing the thershold exemption specifically excludes the service providers using the Brand name of others, so you are using the First flight brand name, you are not eligible for claim basic exemption limit,so total turover taxable
Guest
Thank you so much for giving me clarity on the above mentioned queries.
Friendly yours,
D.KARTHIKEYAN.
Note : Friend, sorry to bother you.
May I request the following cases by e-mail (deekarthik@gmail.com) if possible :
1.Speed & Safe courier service vs CCE (2008)13 STT 257 (Bangalore, CESTAT)
2.French Express Network p ltd vs CST (2008)16 STT 10 (Chennai CESTAT)
Guest
You have been educating me a lot.
Never use 'Sorry' especially to me.
Please take your own time and do help me, as you would be doing me always.
Thank you for your immediate response.
Friendly yours,
D.KARTHIKEYAN.
Click here to login now
Similar Resolved Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
