Is service tax registration mandatory?

Is service tax registration mandatory?

Service Tax Registration is a tax registration required for businesses providing services in India. 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.

How can I register my service tax number online?

Service Tax Registration Procedure

1. Visit the official website of ACES.
2. Select option as Service Tax.
3. Once you select new user option, you will be redirected to the registration page.
4. Details like the name of the unit, designation, phone number should be provided by the assesse to get him/her registered.

Is service tax registration required after GST?

After the GST implementation in India, the CBEC has withdrawn then service tax registration. The service providers have to register under the Good and Service Tax (GST). Any service provider who has an annual turnover of more than INR 20 lakhs (and INR 10 lakhs in the Special Category States) have to register for GST.

What happens if service tax return is not filed?

If an assessee has not filed his or her service tax return for more than 30 days following the expiry of the prescribed deadline, then a late payment fee of Rs 1,000, along with an extra charge of Rs 100 for every additional day of delay in excess of the initial 30 days, will be charged.

Who is responsible to collect the service tax?

service provider
Person liable to pay service tax is governed by Service Tax Rules, 1994 he may be service provider or service receiver or any other person made so liable. It is an indirect tax wherein the service provider collects the tax on services from service receiver and pays the same to government of India.

When should we apply for service tax registration?

When should a prospective assessee obtain registration? i. When a person commences business of providing a taxable service, he is required to register himself within 30 days of such commencement of business [sub-rule (1) of Rule 4 of Service Tax Rules, 1994].

Who is responsible for service tax?

Section 64 of the Finance Act, 1994, extends the levy of service tax to the whole of India, except the State of Jammu & Kashmir. Generally, the liability to pay service tax has been placed on the ‘service provider’.

What happens if service tax is not collected?

In the case of a person who collects any amount as service tax but fails to pay the amount so collected to the credit of the central government, on or before the date on which such payment is due, the central government may, by notification in the official gazette, specify such other rate of interest, as it may deem …

Who is responsible for service tax registration?

Person liable for registration under service tax Every person who has provided a taxable service of value exceeding Rs. 9 lakh, 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.

Who is eligible for service tax registration?

Who should apply for registration under Service Tax law? 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.

What does Aces stand for in tax category?

ACES stands for Automation of Central Excise and Service Tax. It is a centralized, web based software application which automates various processes of Central Excise and Service Tax for Assessees and Department, and gives complete end to end solution.

How do I register for the Aces system?

You can log onto the www.aces.gov.in through internet and click on?Click here to Register with ACES? link and go through a process called?ACES user Registration?, by selecting a user name and furnishing credentials like e-mail id, Unit Name, Designation and Phone Number. The system will then generate a password and send it by e-mail.

What is Central Board of Excise and customs Aces?

The Central Board of Excise and Customs has developed a new software application called Automation of Central Excise and Service Tax (ACES), which aims at improving tax-payer services, transparency, accountability and efficiency in the indirect tax administration in India.

What do you need to know about Aces?

ACES encompasses the entire gamut of Central Excise and Service Tax processes – registration, returns, accounting and reconciliation, refunds, dispute resolution, audit, provisional assessment, exports, claims, intimations and permissions. Who can use ACES? The ACES application has interfaces for: