22 January 2011
Whether a private limited company located in technopark need to take service tax registration? The head office of the same company is in another state. Its 100% export oriented unit providing information technology software service and having a total turnover more than 10 lacs. Also please clarify me the impact of other tax laws like vat, income tax, fema etc on the same. Waiting for your earnest reply.
24 January 2011
I am of the view that you are required to take out regn if you fall under any of the 3 categories specified u/s 69 of the FA 1994. 1)A person liable to pay service tax 2) Input service distributor and 3) if your value of taxable services exceededRs 9 lakhs in the year. I am not aware of any specific exemption to units loacted in parks.