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Service Tax

Service tax is a tax levied by Government of India on services provided or to be provided excluding services covered under negative list and mega exemptions as defined in service tax law. Every person providing taxable services exceeding Rs. 0.90 million in a financial year, is required to get registered under service tax. Further service provider need to charge service tax on all taxable services above Rs. 1 million and deposit the tax with Central government. Upon registration, assesse gets a unique service tax code, which is required for deposit of service tax, return filings and other tax compliances. At present, the consolidated rate of service tax is 15% on the value of services.

Features

  • Service tax registration

    Every person providing taxable services exceeding Rs. 0.90 million in a financial year, is required to get registered under service tax within 30 days. Voluntary registration is also permissible.

  • Deemed Registration

    Where registration has not been granted within 7 days from the date of receipt of application form, the registration shall be deemed to have been granted.

  • Charge of service tax

    Any person providing taxable services above Rs. 1 million in a financial year is required to charge service tax from service receiver at prescribed rate (At present 15%) on the value of services.

  • Deposit of service tax

    Service tax amount charged from service receiver need to be deposited to central government by prescribed date of subsequent month/quarter (At present 5th or 6th of subsequent month/quarter) through online or by GAR-7 challan.

  • Filing of Service Tax Return

    Form ST-3 is required to be filed twice in a year electronically. Due date of return for half year ending 30th September and 31st March is 25th October and 25th April, respectively.

  • Liability to pay Service Tax

    Normally, the liability to pay service tax lies with the service provider except the situations covered under reverse charge mechanism, where service receiver pay the amount of service tax.

Procedure

How long Does It Take?

Online Registration

0-1 working day

The applicant is required to register with ACES (Automation of Central Excise and Service Tax) and fill up online application form (Form ST-1), by providing requisite information including applicant basic details, type of services, registered address etc.

Physical submission of documents

0-2 working day

Copy of Form ST-1, acknowledgement slip for online application and supporting documents are submitted with concerned service tax department within 7 days from the date of online registration.

Certificate of Registration

5-7 working days

After due verification, the service tax department issues Registration Certificate (Form ST- 2), which is sent by email and may also be downloaded from ACES.

FAQ

Documents Required

DOCUMENTS REQUIRED FOR THE PROCESS

    For Individuals

  • Form ST-1 and acknowledgement
  • Self -Attested copy of PAN Card
  • Photograph and proof of Identity (Copy of elector\\\'s photo identity card/passport/driving license/Aadhar card etc.)
  • Address proof for registered office (Rent agreement/Sale deed etc.)
  • Details of bank account

    For Firm/LLP/Companies

  • Form ST-1 and acknowledgement
  • Copy of PAN Card of firm/company
  • Copy of Partnership Deed/LLP Agreement/COI/MOA & AOA, as applicable
  • List of directors/partners
  • Photograph and proof of Identity of directors /partners/Authorised person
  • Board Resolution for authorizing person filing the application
  • Address proof for registered office (Rent agreement/Sale deed etc.)
  • Details of bank account