Registration of Service tax -Criteria

[Anil Kumar]

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 products in boxes and sealing for a company, now last year turnover has crossed to ₹ 10Lakhs i.e. year 2014-15.

regards

aneel Kumar M

AI Summary

Service Tax Registration Required Above 9 Lakhs Turnover; Reverse Charge Exemption Not for Recipients Under Finance Act, 1994. A user inquired about the criteria for service tax registration, questioning if a turnover exceeding 10 lakhs necessitates registration. An expert clarified that registration is required once turnover surpasses 9 lakhs in a financial year, as per specific notifications. If the turnover falls below 10 lakhs, small scale exemption can be claimed, and registration may be surrendered if under 9 lakhs. Another contributor added that under reverse charge mechanisms, service providers can benefit from the threshold limit, but recipients cannot due to the Finance Act, 1994. The expert agreed with this additional information.