Service Tax Filing, Service Mode Offline, Service Type Service Tax Filling

Service tax is a tax imposed by government of india on services provided located within India service provider collects the tax and pays the same to the government. It is charged on all services except the services in the negative list of services. The current rate is 12. 36% on gross value of the service. If you or your business provides service, Which means providing intangible benefits to others, Which is capable of being doing some work acting for others or professional advice etc. You are liable to register yourself for service tax registration when in a year your firm s total turnover crosses 9 lakhs. And when your turnover crosses 10 lakhs, It becomes compulsory for you to start collecting the service tax from your customer whenever you render the service. For example when we buy things from small shops they don t charge service tax as their turnover is less, But when you buy from big shop they will charge you service tax. Service tax is paid quarterly or monthly based on your business registration. Any person providing taxable service to any person shall pay service tax at the rate specified in sec. 66 if you happen to sole proprietorship, Be individual or partnership you have, Or llps to pay the tax 4 times in a year quarters july are april, To september october to, To june december and january to march.