Service Tax Registration
Service Tax is an indirect tax which is collected by Service provider from service receiver and deposited to government accounts.
When registration required?
Service Tax Number required if you are into the business of rendering services & once turnover exceed Rs 9 Lakh annually.
Small scale service providers who provide services of less than Rs 10 lakhs in an year are exempted from Service Tax Registration.
Monthly/Quarterly tax deposit
Service tax is a tax levied on rendering services & deposited to the central government on a monthly or quarterly basis.
Service Tax rate
Service tax is chargeable at the prevailing rate of 15% of the value of services.