dear friends,
1) every person who has provided a taxable service of value exceeding 950000/- in the preceeding financial year is required to register with central exise.
2) when a person commences bisiness of providing a taxable service he is required to register himself with in 30 days of such commencement.
my doubt is according to 1st line to get registerd value of services in the preceeding year should exceed 950000/-. so if a person who commences a business of providing taxable services , how he need to get registered? bcoz during the previous year his value of services nill as it is newly establishing, pls clear my doubt any body. thanks in advance.
CAclubindia
