Service Type Service Tax Registration, Service Mode Online Service Tax Registration Service, Location Karnataka, Type Of Service Provider Individual Consultant

Established at finance act 1994service A tax charged by central government of india on services provided or to be provided excluding services covered under negative list and considering the place of provision of services rules, 2012 and collected as per point of taxation rules, 2011 from the person liable to pay service tax. Person liable to pay service tax is governed by service tax rules, 1994 he may be service provider or service receiver or various alternatives person made so liablefrom 15 november 2015, The effective rate related to service fees plus swachh bharat cess, Post introduction of swachh will be, Bharat cess 14. 5%. Small scale exemption service tax is only liable to obtain payment in case the total value related to the service provided during the financial year goes beyond 10 lakh . If the value of services provided during a financial year is under 10 lakh This product represents optional for he wants to avail this exemption or not rates while presenting the 2015 union budget of india, The fm augmented the tax on services rendered amount rate from 12. 36% to 14%. This new rate of service tax @ 14% was applicable from 1st june 2015. Moreover from 15th nov 2015, Swachh bharat cess @ 0. 5% also got applicable. Therefore the effective rate of service tax is currently at 14. 5% with effect from 15th nov 2015. 2 2016 union budget of india has proposed to impose a cess, Called the krishi kalyan cess, @ 0. 5% on all taxable services effective from 1 june 2016. The new effective service tax could henceforth be 15% service tax return, Records&invoices recordsaccording to rule 5 of service tax rules, 1994, Records include computerized data therefore denotes the record as maintained by an assessee following the guidelines of the various laws in force during specific periods from time. Records maintained as such shall be acceptable to central excise officer. Every assessee must be furnish to the core excise regulation officer at the moment of filing his return for the first time a list of all accounts maintained by the assessee regarding service tax including memoranda received from his branch offices. This intimation may be sent along with a covering letter while filing the service tax return for the first time