Surrender of service tax no. - Payments to be adjusted after surrender

[Guest]

A partnership is dissolved on 1.4.2007 and converted into proprietorship.Issues are as follows 1. Process to surrender the Service Tax No. of the firm 2. Proprietorship does not expext its turnover to exceed 6-7 lakhs . is it necessary for it to have S.T No 3. Payaments against some bills of 2006-07 of the wrestwhile partnership still pendins. How it can be deposited after the surrender of S.Tax No.

Regards

Manoj Gupta

[Guest]

You have to surrender your registration certificate with a simple letter. However, sometimes the department may seek an affidavit with copy of the previous returns. For the new concern, since the turnover is not likely to exceed rs. 7 lakhs, there is no need to obtain fresh service tax registration number.

AI Summary

Service tax registration surrender may be made by letter; departmental proof requests can follow and new registration may be unnecessary for low turnover. Surrender the service tax registration by a simple letter; the department may require an affidavit and previous returns. If the new proprietorship's turnover is expected to remain below the statutory registration threshold, a fresh service tax registration need not be obtained. The response does not specify how payments relating to the former partnership should be deposited after surrender.