SERVICE TAX REGISTRATION
WHAT IS SERVICE TAX?
Section 66B of The Finance Act 1994 defines Service Tax and its chargeability. It is a tax levied by Central Government of India on services provided or to be provided excluding services covered under negative list. The rate of service tax for the services provided before 1st June 2015 was 12.36% including education cess and higher secondary education cess. But after 1st June 2015 the same has been revised to 14% flat vide notification no. 14/2015. The education cess has now been subsumed in the rate of Service Tax i.e. 14%.
Every provider of taxable service whose aggregate value of taxable service in a financial year exceeds Rs 9,00,000 is required to obtain registration under the Service Tax Laws.
Also, an input service distributor and every person liable to pay service tax (including recipient of service under Reverse Charge Mechanism) are mandatorily required to obtain service tax registration.
The application for registration has to be made in Form ST-1 in duplicate. It is available on www.cbec.gov.in. The documents to be enclosed therewith are: photocopy of PAN card, proof of address to be registered and copy of constitution /partnership deed etc. of the firm, if any.
Copy of PAN card is necessary as a PAN based code (Service Tax Code) is allotted to every assessee.
These forms are required to be submitted to the jurisdictional Central Excise office (in case of seven Service Tax Commissionerates, to the jurisdictional Division office). There are separate service tax commissionerates in Mumbai, Chennai, Delhi, Kolkata, Bangalore and Ahmedabad as mentioned in the previous chapter.
A person liable to pay service tax should file an application for registration within thirty days from the date on which the service tax on particular taxable service comes into effect or within thirty days from the commencement of his activity.
Registration certificate in ST-2 form is to be obtained after submitting necessary papers.
DCS aims to provide a solution specifically tailored for you. The team distinguishes itself by delivering services which are directly attributable to the areas of compliance for the client.
DCS strives to attain perfection and accuracy through its unwavering commitment. Our project with every client is handled very carefully and the execution is in safe expert hands.
DCS envisions a comfortable tax and compliance world for its clients. We intend to provide the best experience to our clients, right from the enquiry to the completion of the project. This is a two way journey and will be successful only on the complete understanding between the two. We wish to create a sense of security in the minds of our clients. We aim to nurture a winning network of clients and their tax partner; together we create mutual, enduring value.
DCS strives for the success of its client network by creating a vivacious work environment that focuses on creative solutions that deliver confidence in a sustainable and socially responsible manner. The team at DCS is focused and well aligned hence, it assures the most appropriate solution for all the tax and compliance related perturbation.
- A very dedicated team
- Strong knowledge base
- Distinguished time and work management skills
- Positive and active work environment
- Regular updates on the changing laws and rules
- Rapidly growing need for tax planners and managers
- Emergence of new tax regimes like GST
- Growing awareness in small and young entrepreneurs regarding the need of effective maintenance of books and accounts