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Service Tax Registration

Service tax is payable on services provided by service provider the liability for payment is on the service provider, Service tax came into effect in the year 1994.It is charged on cash basis for individual service provider and for company its charged on accrual basis i.e company is liability to pay tax arises as soon as services are provided irrespective of the collection of funds on the same. when their gross turnover on services exceeds Rs.9 Lakhs in a financial year it is mandatory to register service tax, But the Liability for payment of service tax arises only when the gross total turnover on service income exceeds Rs.10 Lakhs. Turnover exemption of Rs.10 Lakhs is only for the first time, once the limit crossed, from the subsequent year's tax liability arise from Re.1. The rate of service tax is 14.5%

Due dates

Payment of Service Tax

For Individuals/partnership Firms:The due date of payment of service tax is 5th of the following Quarter in which payment has been received, if payment made through online 6th of the following Quarter.

For others (Companies,etc.,): The due date of payment of service tax was 5th of the following month in which payment has been received, if payment made through online 6th of the following month

Filing return

  •   Due date for filing the half yearly April to September is 25th October
  •   Due date for filing the half yearly October to March is 25th April.

Services Exempted from service tax – Negative List:

The negative list shall comprise of the following services, namely:––

  • Services by Government or a local authority excluding the following services to the extent they are not covered elsewhere—
  • Services by the Reserve Bank of India;
  • Services by a foreign diplomatic mission located in India;
  • Services relating to agriculture by way of—
  • Trading of goods
  • Any process amounting to manufacture or production of goods;
  • Selling of space for advertisements in print media;
  • Service by way of access to a road or a bridge on payment of toll charges;
  • Betting, gambling or lottery;
  • Admission to entertainment events or access to amusement facilities;
  • Transmission or distribution of electricity by an electricity transmission or distribution utility;
  • Services by way of—
  • Services by way of renting of residential dwelling for use as residence;
  • Services by way of—
  • Service of transportation of passengers, with or without accompanied belongings, by—
  • Services by way of transportation of goods—
  • Funeral, burial, crematorium or mortuary services including transportation of the deceased.