It is advisable to take regist ration under GSt
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
However if your turnover in the last year exceeded 10 lakhs u may be falling as defaulter under Service tax laws
so we should register for service tax or GST?
For GST limit is 25 lac
about 10 lakhs but in which 40% amount received from outside india through paypal.com
Then it's advisable to get fresh registration for GST. If you want I can help.u for registration too
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
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
Further, you should also take the provisional registration in GST.
The last date for availing the registration is 30 April 2017.
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.
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