Service tax registration
This query is : Open
19 April 2013
Good Evening.........
I want to know is Service Tax Registration compulsory who is dealing in Information Technology Software services (Sale & Annual Subscription Service of Tally.ERP Software) for an Individual, If his annual Turnover is less than 8 Lacs.
I want to know is Service Tax Registration compulsory who is dealing in Information Technology Software services (Sale & Annual Subscription Service of Tally.ERP Software) for an Individual, If his annual Turnover is less than 8 Lacs.
19 April 2013
If the turnover is less than 10 lakhs than no need to take registration. However ensure that the person is not liable under reverse charge.
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20 April 2013
Thanks Sir for your suggestion, but I want to clarify about Exemption & Exclusion in Service Tax.
1. Exemption to Small Scale Service Providers:
In exercise of the powers conferred by sub-section (1) of section 93 of the
Finance Act, 1994 (32 of 1994) (hereinafter referred to as the said Finance Act),
the Central Government, on being satisfied that it is necessary in the public interest
so to do, hereby exempts taxable services of aggregate value not exceeding Ten
lakh* rupees in any financial year from the whole of the service tax leviable
thereon under section 66 of the said Finance Act:
Provided that nothing contained in this notification shall apply to,-
(i) taxable services provided by a person under a brand name or trade name,
whether registered or not, of another person; or
(ii) such value of taxable services in respect of which service tax shall be paid
by such person and in such manner as specified under sub-section (2) of
section 68 of the said Finance Act read with Service Tax Rules,1994.
So is in this case Service Tax Registration Compulsory for Assesee who is Dealing in IT Services ???
1. Exemption to Small Scale Service Providers:
In exercise of the powers conferred by sub-section (1) of section 93 of the
Finance Act, 1994 (32 of 1994) (hereinafter referred to as the said Finance Act),
the Central Government, on being satisfied that it is necessary in the public interest
so to do, hereby exempts taxable services of aggregate value not exceeding Ten
lakh* rupees in any financial year from the whole of the service tax leviable
thereon under section 66 of the said Finance Act:
Provided that nothing contained in this notification shall apply to,-
(i) taxable services provided by a person under a brand name or trade name,
whether registered or not, of another person; or
(ii) such value of taxable services in respect of which service tax shall be paid
by such person and in such manner as specified under sub-section (2) of
section 68 of the said Finance Act read with Service Tax Rules,1994.
So is in this case Service Tax Registration Compulsory for Assesee who is Dealing in IT Services ???
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