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Services tax

Aparna (accountant) (189 Points)

17 May 2017

Hello sir, My friend start a new Safety product co. he raised bill without services tax because we have not applying for services tax number. so please Gide its correct ? or how to do entry for the same

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5 Replies

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 17 May 2017

If your turnover is below 9 lakh no need to registration yet. Do only if turnover exceeded 9 lakhs

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Mayur (Partner @ Mayur Thakkar & Co.) (3111 Points)
Replied 17 May 2017

Aparna,

First of all, you need to obtain service tax number only if you are providing services and your Receipt exceeds Rs. 900,000.

If you are in the business of trading i.e. purchase and sale of product, you better obtain VAT number once your turn over (either purchase or sale) exceeds the basic limit of your state. e.g. in Gujarat We have a limit of Rs. 500000. So you have to obtain VAT number once either your purchase or sales exceeds Rs. 500000.

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Praveen Kachhawa (Financial Accountant) (225 Points)
Replied 17 May 2017

If you are only trader then there are no need of service tax no. but if you received any amout for service after sale excedding rs. 900000 in a year then u sholud apply for service tax no.

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Aparna (accountant) (189 Points)
Replied 18 May 2017

Thank for the replay

can you please gide me for how to do entry. we have issue WALL PAINTING AND PATCH WORK services to our client of Rs. 10000 (without Services tax) how to do entry for the same ?