Hi Friend,
I am starting a new business of tours and travels, and the type of business Sole proprietorship. please guide me for my below mentioned query:
- when should i register for servise tax? is it before i start first transaction of my new business or after i reach taxable income of 10 lacks?
- If the answer is later one, then should i continue business without servise tax number till it reaches 10 lack?
- In this case the INVOICE to be generated will be without Service Tax Number?
- Foe the sole proprietorship business, do i need to have PAN card of business entity or i can use my own PAN card?
Thank you
Alpesh