SANTOSH KHODKE (ACCOUNTANT) (25 Points)
26 June 2010sir/madam,
please tell me if any organization working in trading and service and turn over of the company n turn over of
the company is mover than 4 cr. in trading and nearly 8 lac for service
please tell me is service tax registration required for the company ???????
SIVASIVA
(FCA, Future CA)
(4935 Points)
Replied 26 June 2010
only when taxable Service income exceeds Rs.10 Lakhs, Service Tax Liability atracts, UNTILL then no Liability.
The point which you made about the Turnover related to Trading activity is irrelevant for Service Tax.
Hope your doubt is cleared.
CAclubindia
