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Service Tax Registration is a tax registration required for businesses providing services in India. Service tax registration is an indirect tax wherein the service provider pays the tax and recovers the same from the recipient of the taxable service. At present, Service Tax is levied at 12.3% on the value of the taxable service. This includes Education Cess @ 2% on the service tax amount, and Secondary and Higher Education Cess @ 1% on the service tax amount.
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 Registration is required for identification of the assesse, deposit service tax, file service tax returns and undertake various processes required under the Finance Act, 1994. Failure to obtain service tax registration would attract penalty in terms of section 77 of the Finance Act, 1994.
IndiaFilings.com can help your business obtian Service Tax Regisration in 7 to 12 days, subject to Government processing time.
An IndiaFilings Tax Expert will prepare your Service Application and obtain your signature in the format along with the necessary supporting documents.
Once the application is prepared, IndiaFilings will obtain ST1 Registration and submit the hardcopy Application with supporting documents to the concerned Tax Department.
Once the Service Tax Application and the attached supporting documents are verified, the Tax Department will allot Service Tax Regisration (ST2) for your business.
