Now, Service Tax has become the major source for generating revenue for the India Government. In recent budgets, It extend the area for several items with enhanced rates. There are various rules and regulations and various procedures laid down under service Tax. All its provisions have to be completed very strictly. The tax has to be deposited in treasury within the prescribed stipulated period and prescribed forms. Tax Consultant have specialised & expertise consultants to handle the entire Service Tax work. You may entrust this burden on us and feel free to focus your attention to develop your business or profession.
Background of service tax
General rate 12% plus education cess of 2%, plus SAH education Cess 1% , making effective tax rate @12.36%. Tax is payable on all services excluding those in negative list w.e.f. 1-7-2012.Service provided or agreed to be provided In the taxable territory (Broadly, India plus 200 nautical miles inside the sea minus Jammu and Kashmir is ‘taxable territory’). Point of Taxation Rules relevant only to determine due date of payment of service tax.
We are engaged in offering Service-Tax consultancy to our clients based at Delhi and NCR regions like Noida, Ghaziabad and others. We provide service tax consultancy as per the legal norms and guidelines given by the Department.
Our diligent & hard working team of professionals always achieve requirements of our clients. Service tax is increasingly representing a major tax cost for various service-oriented businesses. In the last few years, the share of contribution of service tax to the national revenue has increased very effectively and the Government is continuously increasing its scope.
Service Tax Registration
Our organization offering Service-Tax Registration services in Delhi- NCR. The Service-Tax Registration service prepare on the concerned rules and regulations provided by the Department. All the services are provided with the help of our legal advisers and consultants.
Every person who has provided a taxable service of value exceeding Rs. 9 lakhs, in the preceding financial year, is required to register with the Central Excise or Service Tax office having jurisdiction over the premises or office of such service provider.
In case a recipient of services is liable to pay service tax he also has to obtain registration. Every person who provides taxable service and is liable to pay service tax.The Service-Tax Registration are as per the data given by the client and also as per the rules and regulation which safe the clients for any further problems. Our consultants always ready for the help.
The requirements for Service Tax registration is as follows:
• Self certified copy of Permanent Account Number (PAN) issued by income Tax Authorities. (Proprietor/ Firm/ Company)
• Residential Address Proof of Proprietor/ Partners and Directors/Authorized Signatory -Rent Agreement/ Ownership Proof
• ID Proof (PAN Card) of Director/ Partner / Authorized Signatory
• Address of the Business Premises (to be registered) along with address proof – Rent Agreement & Ownership paper
• Name / Nature of Services Provided in detail description
• In case of Companies, (Board’s Resolution/ List of Director) (MOA with Form 32 in case of change in Directors)
• In case of others (Notary Partnership Deed which showing date of incorporation) (No Objection Certificate from other partners/HUF) Power of Attorney to be signed
Tax Return Services
We are a reputed firm involved in providing Filing of Service-Tax Return services as per rules, regulation and guidelines given by the department. All the services are provided with the help of our legal advisers and consultants who hold expertise in the same from many years.
• Returns are filed Quarterly in Form ST – 3 [ Form ST – 3A for PA]. If the service provider is not able to estimate the tax amount properly, he may apply for Provisional Assessment
• Recent changes in service tax, the Due dates are changed from half yearly return to quarterly return, and for the same date regular notification are despatched by the department for filing of returns.
• Revised returns can be filed within 90 days from the date of filing of original Return
• Nil return has to be filed even there is no tax liability and no taxable services Rendered
Perid of Delary in Filing Late fee
Up to 15 days Rs.500
16 days to 30 days Rs.1,000
More than 30 days Rs.1,000 plus Rs.100 per day till the date of filing return [Max Rs.2,000]
Due dates are revised now a days as per the notification given on the service tax site. We always gives the regular updation to our clients about the service tax notification and updation.
Service Tax Deposit & Record Maintenance
We also offer services for the tax depositing facility as well as maintaining books of the account for the service tax. All services are provided as per the guidance expertise consultant. We always regular communicate with our client for updating for the benefit of our client.
Input Credit Records Maintenance Services
With our expertise consultants, Tax consultant able to provide their clients with Maintenance of Input Credit Records services. We render these services in a very low cost price.
• The records maintained by the assessed in accordance with the various laws. Records prepared on behalf of client as follows:-
• Sales register
• Purchase register
• General ledger
• Cash book
Pay Service Tax Online
Category Frequency Due Dates
Payments through Bank :
In case of Individuals, Proprietary Firms & Partnership Firms Quarterly as mentioned below –
( i ) For Q.E. 30th June 5th July
(ii ) For Q.E. 30th Sept. 5th October
(iii) For Q.E. 31St Dec. 5th January
(iv) For Q.E. 31st Mar. 31st March
Others (e.g. Companies, Societies, Trusts etc.)
Monthly
5th of the month immediately following the month in which payments are received towards the value of taxable services. However, in case of March, the payment should be made by 31st March.
Electronic Payments through Internet :
(Mandatory for assesses who have paid service tax of Rs.10 lakhs or more including the amount paid by utilization of CENVAT credit, in the preceding financial year).
In case of Individuals, Proprietary Firms & Partnership Firms Quarterly as mentioned below –
( i ) For Q.E. 30th June 6th July
(ii ) For Q.E. 30th Sept. 6th October
( iii ) For Q.E. 31St Dec. 6th January
( iv ) For Q.E. 31st March 31st March
Others (e.g. Companies, Societies, Trusts etc.)
Monthly
6th of the month immediately following the month in which payments are received towards the value of taxable services. However, in case of March, the payment should be made by 31st March.