REGISTRATION

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

13 May 2010 The Billed amount in a year is Rs.900000, But the amount received in the same year is more than Rs.1000000, i.e. it is like advance without billing.
Whether that entity is liable for registration???
If yes then when it is liable?

Ram Avtar Singh

Ram Avtar Singh (Expert)
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13 May 2010 Consequent upon increase in threshold limit of exemption from Rs.8 lakh to Rs.10
lakh, notification No.26/2005-Service Tax dated 07.06.05 and notification No.27/2005-
Service Tax dated 07.06.05 have been amended to raise the limit for obtaining service tax
registration from Rs.7 lakh to Rs.9 lakh.
[refer notification No. 9/2008-Service Tax,
No. 10/2008-Service Tax, and
No.11/2008-Service Tax, all dated 01.03.2008]

Querist : Anonymous

Querist : Anonymous (Querist)

14 May 2010 We read the registration but we were unable to decide whether that registration limit is on billing or receipt basis???

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CA KISHORE VANAMA

CA KISHORE VANAMA (Expert)
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14 May 2010 I think Registration limit is on billing basis