Governing Authority: Service tax is considered to be a self-assessed tax. It lays down all the procedures for the assessment of service tax in India. The penalties for non-payment and interest to be charged for delayed payments are all looked after by CBEC.
Registration: If the total value of services provided exceeds Rs. Due Dates for filing returns: The service tax returns are filed half-yearly, i. The monthly or quarterly due date for service tax payment depends on the nature of service provider, irrespective of half-yearly return filings.
The following table clarifies the due date of service tax payment for different entities. It is charged at different rates by the various states as per the implied law. It is a tax imposed by the Central Government. Excise Duty : The person is liable to pay excise duty on the value of goods manufactured. The main event is manufacture and as soon as manufacture happens, liability to pay excise duty arises.
Internet Caf. Internet Telecommunication Service. Mailing List Compilation and Mailing. Management Consultant. Maintenance or Repair Service. Mandap Keeper. Manpower Recruitment or Supply Agency. Market Research Agency. Packaging Service. Port Service Major Ports. Public Relations Service. Rail Travel Agent. Recovery Agent. Registrar to an Issue. Rent - a - Cab Operator.
Sale of space or time for Advertisement, other than print media. Scientific or Technical Consultancy. Security Agency. Share Transfer Agent. Ship Management service. Site Preparation. Sound Recording. Sponsorship service provided to any body corporate or firm, other than sponsorship of sports event. Steamer Agent. Stock Broker. Survey and Map Making. Tour Operator. Transport of goods by Road. Transport of goods other than water, through Pipeline or other conduit.
Transport of passengers embarking on international journey by air, other than economy class passengers. Transport of persons by cruise ship. Video Tape Production. Promotion, marketing or organizing of games of chance including lottery, bingo etc. Services of Air-conditioned restaurants having license to service alcoholic beverages in relation to service of food or beverages.
In addition to the service tax and interest, penalty not less than Rs. General penalty for contravention of any provisions of chapter V of Finance Act, or rules made there under for which no penalty is provided. Failure to take registration in accordance with Sec. Service tax not been levied or paid or been short-levied or short-paid or erroneously refunded by reason of fraud or collusion or willful mis-statement or suppression of facts or contravention of any of the provisions of chapter V of Finance Act, or of the rules made there under with intent to evade payment of service tax.
Though this tax was tedious in its modus operandi, hence it was replaced by GST the collections over the prior years have contributed significantly to the wheels of Indian economy. Service Tax is a type of indirect tax which use to be paid by service providers for their services rendered.
Service tax was announced in the year of as a part of the Finance Act per section It has ceased to exist with the implementation of GST. Yes, by visiting the website of Central Board of Excise and Customs one can pay the required service tax amount.
The previous rules state that online payment of service tax is mandatory to all eligible income tax players. Certain exceptions can be made for specific requests to allow manual payment. Online service tax payment can be done by visiting www. Individuals or partnership or proprietary farms need to make the payment on a quarterly basis.
Usually it is the finance ministry that announces the change in the service tax rate during the budget session of the parliament. The rate increased in , from It is a challan by which a service provider can pay service tax manually.
GAR-7 challan is the document for payment of service tax. GAR-7 challan is available in any stationary shop selling government forms. The format is also given on the web-site cbec. Service Tax came into effect into India in the year Service tax is described in detail under Section 65B 44 of the Finance Act of This Act clearly mentions the complete list of services that fall under the purview of service tax.
Professional Tax Professional Tax in Maharashtra. PF Withdrawal Salary calculator. Service Tax Rate. Definition and Scope. Exclusion to this Tax Service tax rules are not applicable to the state of Jammu and Kashmir Negative list: services mentioned in the negative list are not liable to service tax services listed in section 66D of the Finance Act,
0コメント