16 March 2013
A proprietorship firm working in designing of book contents with total business of Rs2.0 lakh per annum is already registered with Service Tax Deptt. and having a current account too, want to surrentder ST2 since there is a no requirement to have a ST2 required for the business less than 10.0 lakh. Can a firm continue the same business, company name and current account? Is it required have a ST2 instead Please advise..
16 March 2013
THERE IS NO REQUIREMENT TO HAVE SERVICE TAX REGISTRATION IN THIS YEAR IF YOUR BUSINESS TURNOVER WAS LESS THAN RS. 10 LAKH. THEREFORE, YOU MAY SURRENDER THAT. THANKS. PLEASE CLICK ON "THANKS", IF YOU ARE SATISFIED WITH MY REPLY. RAJEEV KR. GARG CUNSULTANT
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