Dear Friends,
I seek an advice from the experts for the below query.
1. I want to start my own recruitment consultancy and would like to operate from my residence, since i intend to start on a very small platform, not expecting to cross the turnover beyond 7 to 8 lac.
2. Pls let me know do i need to get the service tax no. for my business which willbe sole properitory concern.
3. As some one adviced me i dont need it till i cross 7 lac turnover in the financial yr, if this is true then does it mean while invoicing my client i dont charge them service tax?
4. If in case i happen to cross my turnover beyond 8 lac, then do i need to get the service tax no. and pay the ST for the Income i earned months back in the same financial yr. ( will i have to pay from my pocket as i would have not charged my clients for the same.)
5. pls help me understand as what exactly i have to do, is it that i need to compulsary take the service tax no. right now? pls advice how can i manage it?
CAclubindia
