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When Service tax is applicable .

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(Querist)
27 May 2010 Any person is propritor of two firms and ternover of both of them reach up to 10,00,000 or 12,00,000 then service tax is liable for both the firms?
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CA Debasish Banerjee

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CA Debasish Banerjee (Expert)
28 May 2010 Yes

It is on the basis of individual that turnover is considered. all Proprietorship firms of an individual shall be considered as one unit
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Kariyappa

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Kariyappa (Expert)
28 May 2010 As per service tax act in parner ship firm one unit turnover cross above 10,00,000/-is liable to take registration.
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Pankaj Jhawar

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Pankaj Jhawar (Expert)
28 May 2010 Yes you are liable to pay service tax on both of your firms, take immediate registration, pay tax and file return

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