Online Service Tax Registration in Hyderabad

Online Service Tax Registration in Hyderabad

Let’s discuss the procedure for Service Tax Online Registration.

Service tax registration is a mandatory when the business turnover exceeds 9 lakh rupees in a year, but in many cases its need initially.

What is Service Tax and?

Service tax is levied upon everyone. Every phone call, every food bill or any kind of service you receive has a tax on it!

 Almost every service comes under the service tax net. Government has fixed service tax rate at 14% now, before 2015-16, it was 12.36%. The 14% service tax rate is almost uniform except for few specified services.

Who is eligible to pay service tax?

Every service provider must pay the tax. The service provider can recover the service tax from the consumer. The following is a check-list, if you fall under any of these categories, you must pay tax!

1. You get monetary or non-monetary benefit by doing any work.

2. Your business or profession is neither manufacturing nor agriculture.

3. Your Service Turnover exceed 9 lakh Rupees in a year.

Documents Required:

·         Copy of PAN Card

·         Proof of Address

·         In case of a rented premises, Lease License/rent agreement or rent receipt of Registered Co. Op. Housing Society. Or c. In any other case, NOC (No objection certificate) from either the owner of property or the person in whose name the rent or lease agreement has been made along with evidence of ownership/tenancy as the case may be.

·         Memorandum of Association/Partnership deed as per Companies Act

 

Service Tax Online Registration Procedure

1. Fill the (Form ST-1) in duplicate.

2. Copy of PAN card

3. These forms are required to be submitted to the jurisdictional Central Excise office (in case of six Service Tax Commissionerates, to the jurisdictional Division office.

4. A person liable to pay service tax should file an application for registration within  thirty days from the date on which the service tax on particular taxable service comes into effect or within thirty days from the commencement of his activity.

5. The registration under sub-rule (2), shall be granted by the Commissioner of Central Excise in whose jurisdiction the premises or offices, from where centralised billing or accounting is done, are located.

6. A single registration is sufficient even when the service provider is providing more than one taxable services. However, he has to mention all the services being provided by him in the application for registration and the field office shall make suitable entries/endorsements in the registration certificate.

7. Patrons should get the registration certificate (registration number) within 7 days from the date of submission of form S.T.1, under normal circumstances.

8. A fresh registration is required to be obtained in case of transfer of business to another person.

9. Any registered patron when ceases to provide the taxable service shall surrender the registration certificate immediately.

For smooth & effective Service Tax Registration for your Private Limited Company, consult Numbro!