Sir,
My name is Gaurav. i hav registered a firm also.
now i am getting Retainer-ship Contract of graphic designing.but i have no Sales tax no. how much of tax i have to pay as Service Tax and TDS and also if any other tax i have to pay.
and what steps i should take.


Admin’s Response:

You do not require any Sales Tax no. The registration under service tax is needed when your receipts exceeds Rs. 8.00 lacs in a year. The liability to pay arise when your receipts are Rs. 10.00 lacs. Once it exceeds 10.00 lacs, you have to start adding service tax on your receipts and deposit in prescribed period to the service tax department as per your jurisdiction.