Organize, manage, grow for the long term stability of your business
Audit & Assurance Services
Identify business risks that may result in material misstatements in the financial statements
Registration & Startups
Creative solutions to your legal troubles
Focus on competitive advantage while receiving lower-cost services
Other Registration Services
The process of incorporation of business does not ends with receiving an incorporation certificate, you need several other central and state approvals to actually commence your business. These registration involves:
Service Tax Registration
At Rao & Emmar we seek to provide services with the highest priority so that preparation, management and final submission are made timely, quickly and professionally.
Accurate registration provides the basis for monitoring:
Audit selection etc
Sales Tax & VAT Matters
Record to be maintained and invoice
Payment of service tax
Classification of services
Adjustment of excess service tax paid
Credit of service tax paid
Interest and penalty
Notice and visit by departmental officer
Revision and appeal
Refund of tax
Preparing VAT returns
Filing and adjusting VAT returns
IRD audit assistance
Specialist events involving VAT, for example, sale or purchase of property
Filing of periodicals returns
Complete issuance and consultancy of necessary forms
Appeals and final representation before authorities
Registration under Act: When Compulsory?
Service Tax registration is a function of gross turnover. Once the turnover of the assessee crosses a threshold limit of Rs 9 lacs, the service provider is required to get itself registered under the law, and compulsorily required to charge service tax on services provided once the turnover crosses Rs 10 lacs.
VAT (Value Added Tax) registration is compulsory for dealers having turnover exceeding Rs 5 lacs (or increased limit of Rs 10 lacs in some states).On registration, such dealer is allotted a unique 11 digit TIN (Taxpayer's Identification Number).
CST (Central Sales Tax) registration is not dependent on amount of turnover. Simply put, registration of dealer becomes compulsory once he affects an inter-state sale.