How To Register Service Tax In India
Service Tax is a form of indirect tax imposed under Chapter V of the Finance Act, 1994, as amended. It is applicable to services specified under the section 65 & 66 and the current rate of Service Tax is eight percent to be levied on the value of the taxable services. Service Charges mean the gross amount which is received by the service provider for the taxable services offered by him. Anyone can get themselves or their firm/company registered under service tax.
Here are step by step procedures to register service tax in India.
- Form ST-1, which can be obtained from various sources, is to be filled in duplicate and should be enclosed with a photocopy of PAN card and proof of address. Pan card is necessary since PAN based code is allotted to every individual/firm/company.
- The filled form with required documents should be submitted to the jurisdictional central excise office.
- Alternatively, you register for service tax by visiting the website www.aces.gov.in. All you need to do is visit ‘service tax’ tab and click on ‘Register’. You would be asked to fill and submit the registration form with ACES by furnishing a self chosen User ID and email ID.
- After you fill in the ST-1 form online, you would be asked to visit AC/DC office with hard copy where you would be required to submit certain documents for verifications.
One all the processing is done, the applicant would be intimated about the registration confirmation and the RC would be send to the given address by the applicant. You can even download your RC from internet or your email ID and get it signed and sealed from the jurisdictional officer to use it as a valid certificate.
In general conditions, the service tax department will issue the registration certificate within 7 days of the receipt of application. In cases where in the registration certificate is not issues within 7 days, the registration applied for is deemed to have been granted and the applicant can carry on with their service activities and levy taxes.
Any service provider can pay service tax and file returns immediately after he/she has applied for registration and a mandatory penalty of rupees five hundred will be charged in case of non-registration. Moreover, a single registration is sufficient in case where a provider is offering more than one services from the same premises.