Registration of Service tax -Criteria

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..... Registration of Service tax -Criteria
Query (Issue) Started By: - Anil Kumar Dated:- 18-9-2015 Last Reply Date:- 21-9-2015 Service Tax
Got 5 Replies
Service Tax
Dear Sir, We would like to know the criteria of service tax registration, what is the turn over limit to register is it above ₹ 10laks turn over or more?. Our company is been doing metalising and stacking of finished p .....

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..... roducts in boxes and sealing for a company, now last year turnover has crossed to ₹ 10Lakhs i.e. year 2014-15. regards aneel Kumar M Reply By KASTURI SETHI: The Reply: One has to apply for registration of Service Tax as soon as turnover exceeds 9 lakhs in a financial year as per Notification No.27/2005-ST dated 7.6.2005 (effective from 16.6.2005) as amended vide Notification No.10/2008-S .....

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..... T dated 1.3.2008. Reply By Anil Kumar: The Reply: Dear Sir, So we now come under service tax registration, though next year less than 9 lakhs, if in case. regards aneel Reply By KASTURI SETHI: The Reply: If turnover is less than 1o lakhs in 2015-16, you can again avail small scale exemption next year. If turnover is less than 9 lakhs, you can surrender registration and apply for registratio .....

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..... n again if required. Reply By YAGAY AND SUN: The Reply: Dear Anil, In addition to the reply submitted by respected Kasturi Ji, under partial reverse charge or Full reverse charge mechanism, service provider can claim the benefit of threshold limit but the recipient of services (the person liable to pay the service tax) cannot as there is no such provision in the Finance Act, 1994 read with Rule .....

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..... s made thereunder. Regards, YAGAY and SUN (Management, Business & Indirect Tax Consultants) Reply By KASTURI SETHI: The Reply: I agree with reply dated 20.9.2015 of M/s. YAGAY and SUN in toto.
Discussion Forum - Knowledge Sharing .....

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