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Service tax is an indirect tax levied on the services provided by a service provider in India. In certain cases, service tax is also required to be paid by recipient of services in India. Service tax is paid by the end consumer of the service and the service provider is responsible for collection of remittance from the recipient of the taxable service. At present, Service Tax is levied at 15% on the value of the taxable service. However, there are several exemptions to various entities. Also, export of services is exempted from service tax. Service tax registration is mandatory for every person or business in India that has provided a taxable service of value exceeding Rs.9 lakhs, in the previous financial year. Service tax return filing is a mandatory requirement if you have obtained service tax registration. Our professional team of experts at ebizfiling shall help you with seamless experience of complying with return filing requirements.

Few points to make your decision easy

Exemptions in service tax

  • Upto INR 10 Lakh of turnover of taxable services
  • On export of services or provided to units in SEZ

Payment of services tax

  • Quarterly for companies, LLPs and other entities
  • Monthly for Individuals, HUF and partnership firms

Half yearly compliances

  • Use form ST 3 for filing return
  • Due on 25th October and 25th April

Non filing

  • Hefty late fees on non/late filing
  • Late fees may be levied upto INR 20000/-

Revision of return

  • Provision to revise an original return;
  • Within 90 days from the date of original filing of return

Service tax paid by

  • Service provider and recipient
  • Importer of service

A small procedure for your quick understanding

Get answers to all your questions here

Who needs to pay service tax?

Service tax, applicable at 15%, is to be paid by the recipient of the service. Therefore, it's the consumer who pays this indirect tax. The tax is collected by the service provider and then pays the amount to the government. Only those service providers offering any of the services on the negative list or with a turnover of less than INR 10 lakh are exempt from collecting service tax.

How long does it take for a service tax registration?

A service tax registration can be obtained within 5 to 7 days from the date of submission of relevant documents.

How and when are service tax payments to be made?

Service tax payments can be made online or offline. However, service tax payments more than INR 1 Lakh have to be made online In case you are making payment online, you would need to do so via the NSDL website. For offline payments, a simple payment can be made via the GAR-7 challan, which is available at designated branches of most public sector banks. The due date for online payment is the 6th of every month (for previous month), except March, when the due date is March 31st. In case of offline payment, due date is 5th of every month.

I have filed an original return but I have erroneously put some wrong figures of sales what should I do?

You don’t have to worry about the same. Government allows a time limit of 90 days to rectify all such genuine mistakes or omissions in filing original return. Kindly quickly get in touch with our team to get a rectified return.

When should I start collecting service tax?

Even though registration is needed on reaching Rs. 9 lakh in turnover, service tax need only be collected when your revenues are Rs. 10 lakh or over. But once this you cross this mark, you must always collect the tax even if your turnover is less than this in subsequent years.

What is the due date for service tax returns?

Service tax returns are filed twice a year. By October 25, you must file returns on payments made between April and September. By April 25, you must file returns on payments made between October and March. Proprietors, partnerships and individuals must make payment quarterly, while companies and LLPs must make payment monthly.

Still have confusion?

Don’t worry!! Our expert will help you to choose best suitable plan for you. Get in touch with our team to get all your queries resolved. Write us on info@ebizfiling.com or call us @+91 8262 990 990.

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