Is service tax registration mandatory?
Service Tax registration is mandatory for every person or business in India that has provided a taxable service of value exceeding Rs. 9 lakhs, in the previous financial year. Failure to obtain service tax registration would attract penalty in terms of section 77 of the Finance Act, 1994.
What are the provisions of service tax registration?
Every person who has provided a taxable service of value exceeding Rs. 9 lakhs, in the preceding financial year, is required to register with the Central Excise or Service Tax office having jurisdiction over the premises or office of such service provider.
Who is responsible for service tax registration?
Although Service Tax is required to be paid only when the aggregate value of services provided exceeds Rs. 10 Lakhs in a financial year, the service tax provider is required to apply for Registration for Service Tax within 30 days of his turnover exceeding Rs. 9 Lakhs.
Is service tax registration required after GST?
After the GST implementation in India, the CBEC has withdrawn then service tax registration. The service providers have to register under the Good and Service Tax (GST). Any service provider who has an annual turnover of more than INR 20 lakhs (and INR 10 lakhs in the Special Category States) have to register for GST.
What happens if service tax return is not filed?
If an assessee has not filed his or her service tax return for more than 30 days following the expiry of the prescribed deadline, then a late payment fee of Rs 1,000, along with an extra charge of Rs 100 for every additional day of delay in excess of the initial 30 days, will be charged.
What is the current rate of service tax?
15%
Calculation of Service Tax From the 1st of June 2016, service tax is levied at 15% of the value of taxable services under Section 66 of the Service Tax Act. The 15% includes 0.5% Krishi Kalyan Cess and 0.5% Swach Bharat Cess.
What are the rules of service tax?
Service Tax Payment Rules Service tax should be paid to the Central Government by the 5th of the month following the month in which payments were received. The assessee should deposit the tax with a bank designated by the Central board of Excise.
What is the limit for service tax registration?
All service providers in India are required to obtain service tax registration once the annual aggregate taxable services revenue exceeds Rs. 9 lakhs. Service tax payment or liability accrues once the aggregate value exceeds Rs. 10 lakhs.
Can I take service tax registration now?
Registration of Service Tax can be done online without any hassles. A new software named ACES (Automation of Central excise and service tax) was bought by the central board of excise tax and customs to make taxpayers service’s better.
Can I file service tax return now?
Service Tax – 1. (a) Assessee can e-file Service Tax Return (ST-3) for the period April, 2015 to September, 2015 now through offline or online version.
Can service tax be paid now?
As you are aware, currently taxpayers are making payments of Central Excise duties and Service Tax arrears through EASIEST Portal, DG Systems has now integrated payments of CE & ST with ICE GATE portal and the new payment gate way portal “CBIC (ICEGATE) E-payment” will be operational w.e.f., 1st July, 2019 onwards.
Which is the registration form for service tax?
The service tax registration form is called the Form st-1 and the user has to fill all the details like the name, address, permanent account number, constitution of the applicant, contact information of the proprietor, category of the registrant.
Who is required to sign a service tax form?
The Form should be signed by the director/partner/sole proprietor as the case may be or the authorized signatory. Once filed, the acknowledgement for having filed the application is to be obtained on the duplicate copy for one’s own reference.
Where do I go to register with Central Excise?
The registration in case of centralized registration would be granted by the Commissioner of Central Excise having jurisdiction over the centralized premises. The registration formality at the department’s end takes a little longer than the period stated above and the concept of deemed registration need not apply here.
How can I Register my service tax in Aces?
To register the service tax, the taxpayer must register themselves in the Automation of Central excise and service tax by logging to the official site of the ACES that is www.aces.gov.in . In the homepage, the user has to select the Service Tax from the options given on the top of the page and select the ‘New user’ option.