Dear All, Mr.X isole proprietor is into the Service Industry & has taken the Service Tax Regsitration Number but his Turnover doesnt Exceed Rs.10 Lakh which may take more 2 to 3 yrs in business. 1.Does he need to surrender the Certificate as his turnover doesnt exceed & he is not collecting the Service tax from the clients? 2.Does he need to file the Returns ? 3.Please refer with the Case Laws Relevant ? 4.Does he need to collect the Service Tax from clients? Thanks
Menu
Interesting query
Replies (1)
Dear Sonia,
since he is not liable to ST, he may surrender the registration and may obtain re-registration when he becomes liable for ST on the basis of the turnover. till the time he holds the registration, he has to file the returns even if they are Nil.
no he need not collect ST is he is not liable. but, if still collected, then the said amount has to be paid.
Recent Threads
- VAT deducted by Saudi company
- RCM doubt please clarify
- Should open NRO account?
- Which IT section applicable for cash transaction i
- ITR -property dealer
- Warehouse Registration, Whether mandatory?
- Time limit for claiming Input GST credit
- Gst rate and Sac code or RCM attract
- Poll: Do you spend > 30 min/day fixing Tally JSO
- Interest on Accident Claim by Minor
Related Threads
CAclubindia
