How can I file service tax return?

Service Tax – As per Rule 7(1) of the Service Tax Rules, 1994, all the assessees registered under service tax are required to file service tax returns on a half yearly basis. The half yearly return is to be filed by 25th of the month following the particular half year.

How is my service taxed?

When revenue is Rs 10lakhs or less – If the total Revenue you earn from freelancing work is Rs 10lakhs or less, Service Tax rules do not apply. You will be exempt from collecting and paying service tax on your services. Here Revenue means your total receipts from your clients.

What happens if service tax is not paid?

If an assessee has not filed his or her service tax return, then a late payment fee of Rs 500 will be charged for the initial 15 days of delay. If an assessee has not filed his or her service tax return, then a late payment fee of Rs 1,000 will be charged for delays ranging from 15 to 30 days.

How can I register my service tax number online?

Service Tax Registration Procedure

1. Visit the official website of ACES.
2. Select option as Service Tax.
3. Once you select new user option, you will be redirected to the registration page.
4. Details like the name of the unit, designation, phone number should be provided by the assesse to get him/her registered.

How do I file service tax return after GST?

To access the application, post migration, the existing taxpayers under Central Excise and Service Tax, need go to the new portal namely, www.cbic-gst.gov.in. In the “Taxpayer Login”, need to provide existing user id and password credentials (used by them to login to ACES portal).

Who is eligible for service tax?

Although Service Tax is required to be paid only when the aggregate value of services provided exceeds Rs. 10 Lakhs in a financial year, the service tax provider is required to apply for Registration for Service Tax within 30 days of his turnover exceeding Rs. 9 Lakhs.

Which service is tax free?

Any service that is provided or offered free of cost is exempt from service tax. Taxable services that are provided to diplomats and their family members for official purposes are exempt from service tax.

How can I check my service tax notice?

Click on ‘Service Tax’ from the homepage and sign in to your account. If you have filed for any refund and the reimbursement is approved by the department, you will be able to see the ‘Check Status’ option and track your refund using your acknowledgement number from the refund request created by you earlier.

How can I get my Service Tax user ID and password?

This is primary and easy steps to get the password. Check you’re the entire mail id and search the mail-id in the name of [email protected]. Department is sending the mail to the Email id mention on ST-1 Form. If you find the Mail in that both Username and password will be mention.

Is it mandatory to pay Service Tax?

According to Union government approved guidelines in 2017, service charge on hotel and restaurant bills are voluntary and not mandatory. When he received his bill, he noticed he had been charged a 10\% service charge, in addition to the goods and service tax (GST).

How much is the service tax in India?

Service tax is charged at the rate of 15\% currently. The taxability arises once the value of services exceeds Rs. 10 lakhs during the financial year. It is very important to identify the place of service provision as the tax is levied on services rendered in taxable territory.