If I start courier service whiat is the limit of turnover when I should register my courier service for SERVICE TAX, and what are the rates of SERVICE TAX.
Applicability for service tax registration
SHRIPAD PALANDE
Courier Service Tax: Combine All Service Turnovers for Registration; Small Providers Exempt Up to 10 Lakh. A user inquired about the turnover threshold for registering a courier service for service tax and the applicable rates. The response clarified that if the service provider was already offering taxable services, they must combine the turnover of all services to determine registration eligibility. If not, they may qualify for the small service provider exemption up to 10 lakh rupees. The current service tax rate is 10% plus an education cess and secondary and higher education cess totaling 3%, making the aggregate rate 10.3%, previously 12.36%. The user was advised to refer to notification no. 5/2006 for details. (AI Summary)