Is service tax registration mandatory?
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.
When should we apply for service tax registration?
A person liable to pay service tax must apply for registration before he starts paying service tax and filing return. Service provider should apply well in advance to obtain registration, which is normally granted within 7 days of filing of application.
What is the rule of service tax?
Service Tax Registration Rules Every individual liable to pay service tax should register through Form ST-1 within 30 days from the date on which service tax was levied. If an assessee is providing more than one taxable service, they can mention all the taxable services provided by them in a single application.
What is procedure of registration in service tax?
The procedure for registration of service tax is as follows: The assessee shall make an application in Form ST 1 to the Superintendent of Central Excise in duplicate. The application shall be filed within 30 days from the date of providing taxable service and shall bear the address sought to be registered.
Who is exempt from service tax?
100% EXEMPTION AS PER NOTIFICATION NO. 25/2012- SERVICE TAX DATED 20.06. 2012
| S. No | Service Provider |
|---|---|
| 2 | 1.Clinical Establishment i.e. Hospital, Nursing Home, Clinic, Sanatorium, testing lab etc. 2.Medical practitioner i.e. Doctor.3.Paramedics i.e. Nursing Staff. |
| 2A | Core blood bank. |
| 2B | Operator. |
| 3 | Veterinary clinic. |
Who is eligible for service tax?
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.
What is the turnover limit for service tax registration?
Rs.9 lakhs
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.
How can I get service tax certificate?
Service Tax Registration Procedure
- Visit the official website of ACES.
- Select option as Service Tax.
- Once you select new user option, you will be redirected to the registration page.
- Details like the name of the unit, designation, phone number should be provided by the assesse to get him/her registered.
Who is liable for service tax?
the service provider
Person liable to pay service tax The tax is normally payable by the service provider. However law empowers the Government to notify a person other than the service provider to pay the service tax.. In some of the cases liability of payment of service tax has been shifted to the service provider.
What is the limit of service tax registration?
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 are the types of service tax?
Difference
| Normal Charge | Reverse Charge |
|---|---|
| Service tax is paid by service provider | Service tax is paid by service receiver |
| Service Provider charges service tax from service reciever, and collects and deposits to government | Service receiver deposits service tax directly to government |
| It is most normal case | It is a rare case |