Website related query

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 April 2012 i am starting a website and will accept the payment through paypal payment gateway (as buyers would be from US only)
do i need to register for service tax for accepting such payment or can i open a individual current account to accept the payment

Querist : Anonymous

Querist : Anonymous (Querist)

27 April 2012 is there any one to reply ??

Mihir Doshi

Mihir Doshi (Expert)
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27 April 2012 Wait for some one to reply....

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Ki$hor B

Ki$hor B (Expert)
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27 April 2012 Once your gross receipts cross 8 to 9 lakhs (INR) then you had better register under ST.

Querist : Anonymous

Querist : Anonymous (Querist)

27 April 2012 ok but is it necessary to register even for the payment gateway and can i get it with my individual pan card

Ki$hor B

Ki$hor B (Expert)
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27 April 2012 am trying to cover all the bases of your question, not sure what you meant by Payment Gateway.

Do you have a PAN card in the name of your firm/busniess? OR only a pan in your individual name??

Querist : Anonymous

Querist : Anonymous (Querist)

27 April 2012 i have a pan card on my name only not the business name

Vivek Mehta (CA, DISA,CS, MBA)

Vivek Mehta (CA, DISA,CS, MBA) (Expert)
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27 April 2012 you'll be offering wht...a service or a tangile product through website. if you are offering for sale a tangible product thn no need of the service tax you'll be required to get registered under your local sales tax or say vat.

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Querist : Anonymous

Querist : Anonymous (Querist)

27 April 2012 it's service (educational), but cant be done as a individual by giving my pan card number and without registering for service tax

Vivek Mehta (CA, DISA,CS, MBA)

Vivek Mehta (CA, DISA,CS, MBA) (Expert)
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27 April 2012 You can render the same without getting yourself registered to the service tax, till the time your receipt does not crosses the sum of Rs. 9 lac. As soon as ur receipt in a year crosses the figure of 9 lac apply for registration and from the figure of just after the figure of 10 lacs u need to charge service tax in the current year and also in the subsequent year too.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

27 April 2012 thank you sir