TaxTMI 
TaxTMI 
TaxTMI 
Is Service Tax registration mandatory for Proprietorship Trading Company?
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....s Service Tax registration mandatory for Proprietorship Trading Company?<br> Query (Issue) Started By: - Chirag Vachhani Dated:- 23-1-2017 Last Reply Date:- 24-1-2017 Service Tax<br>Got 3 Replies<br>Service Tax<br>Respected Sir/ Madam Good Day……… I run one bellow stated proprietorship company Business Type: Trading of Chemicals & Organic Fertilizer Company Nature: PROPRIET....
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....ORSHIP Annual Turnover: ~ 2 Crores I get transport Bill of ~ 80 Lakhs from Transporter annually. Some transporter having service tax registration, Some have no So i request you to know "is my Proprietorship trading company require to register in SERVICE TAX?" Reply By YAGAY AND SUN: The Reply: The person who pays the freight is liable to pay the service tax under GTA Services. If you fall un....
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....der this category then it is statutorily mandatory to get the RC from Service Tax Department. Further, you have also crossed the threshold limit. Reply By Ganeshan Kalyani: The Reply: Also refer : 3[(d) "person liable for paying service tax", - (i) in respect of the taxable services notified under sub-section (2) of section 68 of the Act, means,- (A) in relation to service provided or agreed ....
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....to be provided by an insurance agent to any person carrying on the insurance business, the recipient of the service. 20[(AA) in relation to service provided or agreed to be provided by a recovery agent to a banking company or a financial institution or a non-banking financial company, the recipient of the service;] 24[(AAA) in relation to service provided or agreed to be provided by a person in....
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....volving an aggregator in any manner, the aggregator of the service: Provided that if the aggregator does not have a physical presence in the taxable territory, any person representing the aggregator for any purpose in the taxable territory shall be liable for paying service tax; Provided further that if the aggregator does not have a physical presence or does not have a representative for any pu....
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....rpose in the taxable territory, the aggregator shall appoint a person in the taxable territory for the purpose of paying service tax and such person shall be liable for paying service tax ] (B) in relation to service provided or agreed to be provided by a goods transport agency in respect of transportation of goods by road, where the person liable to pay freight is,- (I) any factory registered u....
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....nder or governed by the Factories Act, 1948 (63 of 1948); (II) any society registered under the Societies Registration Act, 1860 (21 of 1860) or under any other law for the time being in force in any part of India; (III) any co-operative society established by or under any law; (IV) any dealer of excisable goods, who is registered under the Central Excise Act, 1944 (1 of 1944) or the rules made....
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.... thereunder; (V) any body corporate established, by or under any law; or (VI) any partnership firm whether registered or not under any law including association of persons; any person who pays or is liable to pay freight either himself or through his agent for the transportation of such goods by road in a goods carriage: Provided that when such person is located in a non-taxable territory, the....
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.... provider of such service shall be liable to pay service tax. Reply By KASTURI SETHI: The Reply: I support the views of both experts.<br> Discussion Forum - Knowledge Sharing ....