RANJIT (MANAGER - ACCOUNTS) (84 Points)
27 June 2011We are registered with the Central excise and are paying excise duty. Does it mean that when we start a service taxable service we have to charge and collect service tax from day 1 itself since we have crossed the central excise basic exemption limit? At present we dont have a service tax registration. Please advice.
thks in advance
Ranjit Menon
hemant
(job)
(468 Points)
Replied 27 June 2011
Every person liable for paying the service tax shall make an application to the concerned Central Excise Officer for registration within a period of 30 days of the Service Tax having come into force. In cases where a person commences the business of providing a taxable service after such service has been notified, he is required to make an application for registration within a period of 30 days from the date of such commencement.
CA AMANPREET SINGH
(Chartered Accountant)
(284 Points)
Replied 27 June 2011
I think the Manufacturing business and Service Provider business should be treated Separately.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 27 June 2011
No,
as a service provider, you are eligible to avail 10L exemption on services provided,
BUT
as a service receipent under GTA and other input services where the receipent is liable to discharge the service tax liability, registration is required from the very day of receipt of 1st such GTA service.
Vikas
(CA)
(1135 Points)
Replied 28 June 2011
| Originally posted by : U S Sharma | ||
 |
No, as a service provider, you are eligible to avail 10L exemption on services provided, BUT as a service receipent under GTA and other input services where the receipent is liable to discharge the service tax liability, registration is required from the very day of receipt of 1st such GTA service. |
 |
Agree...
dipa devani
(Tax Consultant)
(26 Points)
Replied 30 June 2011
It depend upon value of taxable service provided if the value exceed from the very first day of 9 lacs than you need to get reg at first day other wise you have to reg within 30 days from the day your service provided exceeds 9lacs.
CAclubindia
