The closest service tax office or even the central excise office can provide a list of designated banks along with its branches in order to pay the tax. Another option of making the service tax payment is through the e-payment facility.
The tax was in place as per the specifications of the Finance Act, The implementation of GST caused the fade-out of many other indirect taxes. A service tax is a tax that is levied by the Government of India on services that are provided by a service provider. It is an indirect tax under the Finance Act, Service tax can be paid via the G. Alternatively, the payment can also be done via the e-payment facility.
Professional Tax Professional Tax in Maharashtra. PF Withdrawal Salary calculator. Best investment policies at lowest premiums. Top performing investment plans, better than mutual funds. Plans with zero commissions. What is Service Tax? Service Tax in India. Service Tax Exemptions in India. While all the service providers were liable to pay service tax, including those in the government and private sectors, the main exemptions included the following: A service provider of a small scale can avail an exemption if his turnover on the taxable services does not exceed INR 10 lakhs within the same financial year.
Service Tax Billing. Section Offence Details 1 76 Failure to pay service tax In addition to the service tax and interest, penalty not less than Rs. Failure to keep, maintain or retain records- Up to Rs. Failure to pay tax electronically by the person required to pay tax electronically- upto Rs. For contravention of any other provisions of the Act where no separate penalty is provided- upto Rs. The reduced penalty is available only if the penalty is paid within 30 days of the date of communication of the order.
Levy of service tax 1. The table also shows the 'accounting heads' for each category service, for the purpose of payment of service tax: Sr. Air Travel Agent. Auctioneers' service, other than auction of property under directions or orders of a count of or auction by Central Govt. Authorized Service Station.
Auxiliary to General Insurance. Auxiliary to Life Insurance. Beauty Parlor. Business Auxiliary Service. Business Support Service. Cargo Handling. Chartered Accountant. Cleaning Service. Clubs and Associations. Commercial Training or Coaching. Company Secretary. Construction of Residential Complex. Consulting Engineer. Convention Centre. Cost Accountant. Courier Services. Credit Rating Agency. Custom House Agent. Dry Cleaning. Erection, Commissioning or Installation.
Event Management. Fashion Designer. Franchise Service. General Insurance. Interior Decorator. 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. By continuing to use the site, you are accepting the bank's privacy policy. Select Different Product Investments. What Service Tax in India? The other relevant sections related to service tax are as under: Sec 66 D Sec 66 C Sec 66 E States a list of such services on which service tax is not collected.
The taxability does not arise for these services. The list of such services is known as negative list It is very important to identify the place of service provision as the tax is levied on services rendered in taxable territory.
This section states the rules to identify the place of provision so that there is no ambiguity. This section provides for a list of activities of multiple nature that are deemed to be services. These are known as declared services. Service tax is applicable on all the services mentioned in the list.
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