Service tax is ~
as the name
suggests - a tax
on services.
All the service
providers,
except those
mentioned in the
negative list of
the act are
required to
obtain service
tax registration
number if his
gross receipts
from services
exceeds
specified
limits.
A single
registration is
sufficient even
when the company
is providing
more than one
taxable
services.
However the
entity has to
mention all the
services being
provided in the
application for
registration.
A fresh
registration is
required to be
obtained in case
of transfer of
business to
another person.
The service
provider is
required to
collect service
tax and pay the
same to
government
quoting the
valid service
tax number. Also
the return
required to be
filed should
have valid
service tax
number.
Our compliance
team is
experienced in
advising company
on applicable
rates and
classification
under the Act
and would assist
the company with
obtaining
necessary
registrations,
tax payments and
filings.
For more details
of the documents
required and any
related
advisory, feel
free to connect
with our team on
[email protected] |