• When service tax applicable on IT?

Hi,

I have IT business, selling customized package of software/electronic products. yet i didn't register for service tax or VAT number.
I want to know when i am liable of service tax ?
i read that it is required if annual turnover crossed 10 lakh.
GST also confusing if GST is started then why need to register for service tax number.

Please answers my queries
Asked 7 years ago in Service Tax

It is advisable to take regist ration under GSt

Vidya Jain
CA, Kolkata
1010 Answers
58 Consultations

4.8 on 5.0

However if your turnover in the last year exceeded 10 lakhs u may be falling as defaulter under Service tax laws

Vidya Jain
CA, Kolkata
1010 Answers
58 Consultations

4.8 on 5.0

How much is your last year turnover? GST limit is 20 Lakhs

Vidya Jain
CA, Kolkata
1010 Answers
58 Consultations

4.8 on 5.0

Then it's advisable to get fresh registration for GST. If you want I can help.u for registration too

Vidya Jain
CA, Kolkata
1010 Answers
58 Consultations

4.8 on 5.0

Dear Sir,

GST is going to be started from 1 July 2017. Hence, till that time you need to take registration in the service tax, immediately when value of your taxable services exceeds 9 lacs in a financial year.

Please feel free to call/revert in case of any doubts

Thanks and Regards

Abhishek Dugar

CA CS B.Com

Abhishek Dugar
CA, Mumbai
3576 Answers
183 Consultations

4.8 on 5.0

Please note that export of services are not included in the limit of 9 lacs.

Please feel free to call/revert in case of any doubts

Thanks and Regards

Abhishek Dugar

CA CS B.Com

Abhishek Dugar
CA, Mumbai
3576 Answers
183 Consultations

4.8 on 5.0

Further, you should also take the provisional registration in GST.

The last date for availing the registration is 30 April 2017.

Abhishek Dugar
CA, Mumbai
3576 Answers
183 Consultations

4.8 on 5.0

Dear Sir,

For GST, limit is 20 lacs.

Abhishek Dugar
CA, Mumbai
3576 Answers
183 Consultations

4.8 on 5.0

Dear Sir,

You need to register for Service Tax if your gross income during the year crosses Rs. 9 Lacs and need to pay service tax once it crosses Rs. 10 Lacs.

In case of GST the said limit shall be Rs. 19 Lacs / Rs. 20 Lacs respectively.

Vishrut Rajesh Shah
CA, Ahmedabad
928 Answers
39 Consultations

5.0 on 5.0

Hello Sir,

If your turnover has crossed Rs.9,00,000/- then you are liable for Service Tax. GST will come into picture only in June'17.

Trust this clarifies your query.

Feel free to call / get back in case of further clarifications.

Thanking You.

Regards,

Rohit R Sharma

BCOM, ACA, LLB-GEN, CERT. FAFP

Rohit R Sharma
CA, Mumbai
2104 Answers
95 Consultations

5.0 on 5.0

Hello Sir,

You should get yourself registered under Service Tax if your total turnover has crossed Rs.9 Lacs in any Financial Year.

Regards

Keerthiga Padmanabhan

M.Com., CA, LLB

Keerthiga Padmanabhan
CA, Greater Mumbai
784 Answers
27 Consultations

5.0 on 5.0

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