Service Tax duty is an indirect tax which is levied by service providers in India except Jammu & Kashmir. The tax is levied on service providers who have annual revenue of more than 8 lakhs, which encourages smaller service providers.
The responsibility of collecting the tax lies with the Central Board of Excise and Customs (CBEC). Central Board of Excise and Customs (CBEC) is a part of the Department of Revenue under the Ministry of Finance, Government of India. It deals with the tasks of formulation of policy concerning levy and collection of Customs and Central Excise duties, prevention of smuggling and administration of matters relating to Customs, Central Excise and Narcotics to the extent under CBEC’s purview. The Board is the administrative authority for its subordinate organizations, including Custom Houses, Central Excise Commissioner ates and the Central Revenues Control Laboratory
New Services in Service Tax
ATM operations, maintenance and management.
Registrar, share transfer agents and bankers to an issue.
International air travel excluding economy class passengers.
Business support services, auctioneering.
Recovery agents Ship management agents
Travel on cruise ships
Public relation management services
Container services on rail, excluding the railway freight charges
Sponsorships of events, other than sports events by companies.
Registration Procedure
Fill the Form ST-1. Enclose photocopy of PAN card and proof of address to be registered.
Copy of PAN card is necessary
Persons who obtain excisable goods for availing end-use based exemption notification.
These forms are required to be submitted to the jurisdictional Central Excise office0.
A single registration is sufficient even when an assessee is providing more than one taxable services.
An assessee should get the registration certificate (registration number) within 7 days from the date of submission of form S.T.1, under normal circumstances.
A fresh registration is required to be obtained in case of transfer of business to another person.
In case a registered assessee starts providing any new service from the same premises, he need not apply for a fresh registration. He can simply fill in the Form S.T.1 for necessary amendments he desires to make in his existing information. The new form may be submitted to the jurisdictional Superintendent for necessary endorsement of the new service category in his Registration certificate.
The responsibility of collecting the tax lies with the Central Board of Excise and Customs (CBEC). Central Board of Excise and Customs (CBEC) is a part of the Department of Revenue under the Ministry of Finance, Government of India. It deals with the tasks of formulation of policy concerning levy and collection of Customs and Central Excise duties, prevention of smuggling and administration of matters relating to Customs, Central Excise and Narcotics to the extent under CBEC’s purview. The Board is the administrative authority for its subordinate organizations, including Custom Houses, Central Excise Commissioner ates and the Central Revenues Control Laboratory
New Services in Service Tax
ATM operations, maintenance and management.
Registrar, share transfer agents and bankers to an issue.
International air travel excluding economy class passengers.
Business support services, auctioneering.
Recovery agents Ship management agents
Travel on cruise ships
Public relation management services
Container services on rail, excluding the railway freight charges
Sponsorships of events, other than sports events by companies.
Registration Procedure
Fill the Form ST-1. Enclose photocopy of PAN card and proof of address to be registered.
Copy of PAN card is necessary
Persons who obtain excisable goods for availing end-use based exemption notification.
These forms are required to be submitted to the jurisdictional Central Excise office0.
A single registration is sufficient even when an assessee is providing more than one taxable services.
An assessee should get the registration certificate (registration number) within 7 days from the date of submission of form S.T.1, under normal circumstances.
A fresh registration is required to be obtained in case of transfer of business to another person.
In case a registered assessee starts providing any new service from the same premises, he need not apply for a fresh registration. He can simply fill in the Form S.T.1 for necessary amendments he desires to make in his existing information. The new form may be submitted to the jurisdictional Superintendent for necessary endorsement of the new service category in his Registration certificate.
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