Service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 December 2013 1)If the income is below 10 lacs are we eligible to charge service tax?

2) For an existing business till we reach 10 lacs are we exempted even if we have a service tax number ? That is when we start the new financial year we dont charge till we reach 10 lacs & start charging after we reach 10 lacs.

3) Can we register for service tax number for an existing business & whether we will be under scrutiny if we register an existing business?

@VaibhavJ

@VaibhavJ (Expert)
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28 December 2013 Hi

1) No,

2) Yes u are exempted even if you have TS no.

3) Once you cross Rs. 9 lac value of taxable service you are required to register with department.

Thanks