Service tax Consultancy

We Provide Service Tax Registration, Consultancy on Services and applicability of Service tax Act , Filing of Service Tax return in ST-3 ,Consultancy on deposit of monthly service tax of both corporate as well individuals, Maintenance of Service Tax Records, Liaisoning with respective Authority etc.

Tax Rate At
Present the effective rate is 15 % (W.E.F 01/06/2016)

We Provide the following services
1 Service Tax Registration
2 Consultancy on Services and applicability of Service tax Act
3 Filing of Service Tax return in ST-3
4 Consultancy on deposit of monthly service tax
5 Provide consultancies to both corporate as well to individuals.
6 Maintenance of Service Tax Records.
7 Liaisoning with respective Authority

Service Tax in Detail

Service Tax is levied on the notified services.
Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994.

Service tax is charged on the gross value of services and is generally payable on receipt basis. It is an indirect tax - it is payable by the service provider but it is ordinarily recovered from the recipient of services. The law requires separate mention of service tax amount in the invoices.

While presenting the Budget 2015, the FM had increased the Service Tax 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. It seems, the rate is slowly being increased to bring service tax closer to the expected goods and services tax (GST) rate of 17-18%.

Budget 2016 has proposed to impose a Cess, called the Krishi Kalyan Cess, @ 0.5% on all taxable services. The new effective service tax could henceforth be 15%.

The proceeds of Krishi Kalyan Cess would be exclusively used for financing initiatives relating to improvement of agriculture and welfare of farmers. The Cess will come into force with effect from 1st June 2016.

The Krishi Kalyan Cess shall be in addition to any cess or service tax leviable on such taxable services under Chapter V of the Finance Act, 1994, or under any other law for the time being in force.


Registration Requirement

Any person who provides taxable service to get himself registered with the comentral excise department within 30 days from the date of commencement of providing of taxable service. Each premises from where taxable service or services is provided to be registered but common registration may be permissible for all premises from where taxable services are provided. Taxable service provider should apply for registration to superintendent of central excise in the application form ST-1 along with follow documents » Address proof of premises (Election I- card, Ration card, Telephone bill, Permanent Account Number) » Incase of company memorandum and articles of association also required to be attached.

Note: Penalty for Non Registration with in 30 days from the date of commencement of providing services is Rs 10000/- OR RS 200/-for every day during which such failure continues, whichever is higher [Section 77(1)(a) of the Finance Act, 1994]