Tax applicability
Ashwini (become CA) (46 Points)
29 January 2016
Sivaramakumar
(GM-ACCOUNTS)
(142 Points)
Replied 29 January 2016
Since you are doing service activity, Service tax and Income tax is applicable. Service tax registration is mandotory if your gross receipts exceeds 9 lakhs in a year, and income tax as per nor normal rates subject to your status.
since you are not owning any truck , you need to give a declaration to your suppliers for non deduction of TDS on your payment. in this case you will be covered under Business auxillary services for the purpose of service tax.
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