Today a lot of new kinds of businesses are coming up, be it marketplace of e-commerce business or apps based business or classified websites or others. However, a lot of them are now aware about the requirement, procedure and legalities of Service Tax Registration in India. In India, Service tax registration is a Central Tax Registration which is applicable on service based businesses. In this article we guide you on the easiest way you can apply for Service Tax Registration in India.
Service tax is an indirect tax which is levied on a wide array of services that are specified by the Central Government under the Finance Act, 1994. The service provider is to pay the tax and recover the amount from the customers. In order to pay this tax, the service provider must be registered with the Central Government if the preceding fiscal year's turnover is over Rs. 9 lakh. The Service Tax Rate now is 14%, which previous was 12.36%.
Service tax registration Certificate is a mandatory to be obtained for service providers who provided taxable service exceeding Rs.9 lakhs, in the previous financial year. On the commencement of a new business, a person is required to obtain service tax registration within 30 days of commencement, if the business will have taxable service in excess of Rs.9 lakhs.
Obtain service tax registration can be a tedious task as it involves lots of paper work and lots of legal formalities to be performed. In order to obtain Service tax registration one requires a copy of PAN Card, proof of address of business and one business place address proof [Partnership deed, Incorporation Certificate, etc. will do.] Service tax registration certificate is issued by the Government within a period of seven days from the date of submission of application ST-1 along with all the relevant documents.
A lot of new entrepreneurs might find the system of obtaining certificates and registrations quite intimidating. For this reason eFilingportal.in has come up with its unique service of catering to your needs at your own doorstep. eFilingportal.in provides you with the best professional assistance from all over India. With the portal you get quality service with the facility of secure and transparent payments and security of client information
So in order to get your service tax registered in an easy, quick and stress free manner, log on to www.eFilingportal.in now!
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