Tag: Service Tax

Service Tax Return Filing: Due Date extended to 30th April

The due date of filing Service Tax Return for the period Oct 16 to Mar 17 has been extended from 25th April 2017 to 30th April 2017. The reason for extension of due date is that there were issues on...

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Procedure for Service Tax Registration Online

As per the Rules framed by the Indian Govt., every Service Provider has to mandatorily apply for Service Tax Registration if the Value of Services expected to be rendered by him in a financial year is more than Rs. 9...

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All about Service Tax & new Service Tax Rate @ 15%

Budget 2016 Update: Finance Minister while presenting the Budget 2016  introduced a new Cess called the Krishi Kalyan Cess. This Cess would be levied on all taxable services and would be levied @ 0.5% of the total value of service....

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Service Tax on Rent payable @15% from 15th Nov 2015

In the past few years, there has been much confusion regarding the applicability of Service Tax on Rent. The Govt’s stand was different to what the Courts had to say regarding the applicability of Service Tax on Rent which lead...

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Due Date for Payment of Service Tax & Int. on Late Payment

As per the Service Tax Rules framed by the Govt. of India, Payment of Service Tax should be made at regular intervals. The Service Tax collected by the Service Provider shall be paid to the credit of the Central Govt....

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TDS on Service Tax not to be deducted: Amt exclusive of Service Tax

As per Indian Tax Laws, at the time of making any a payment, the receiver of service is required to do 2 things:- Pay Service Tax on the services received Deduct TDS on the payment made However a confusion which...

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Procedure for Surrender of Service Tax Registration

Every assessee having a service tax registration number and who ceases to provide taxable service for which he is registered shall surrender his service tax registration certificate immediately to the Superintendent of Central Excise. Temporary suspension of business or getting...

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Service Tax Revised Return can be filed within 90 days

In case of any error, mistake or omission realised after filing of the Service Tax Return, the assessee may filed a Service Tax Revised Return to correct such error/mistake/omission. As per Rule 7B of the Service Tax Rules 1994, an...

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Service Tax Exemption for Turnover below Rs 10 Lakhs

Service Tax is required to be paid on all services except those specified in the negative list of services. However, a small scale service provider has the option of availing service tax exemption in case the aggregate turnover value of...

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Service Tax on Foreign Exchange Remittance

As per law, Service Tax is levied on any service provided or to be provided for a consideration. As Banks & Foreign Exchange Dealers are also providing a service of conversion of one currency into another and charging a commission...

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