Why service tax registration is important for your business?

Service Tax assessment is collected on the notified administrations by the Central Government. The rate of its is right now 10 for each cent. In any case, the Service Tax rate is planned to increment to 12 percent with the authorization of the Finance Bill, 200G. Education cess at 2 percent is demanded on the Tax. The viable rate of Service Tax works out to 10.2%, which would increment to 12.24%. This is charged on the gross estimation of services and is by and large payable on a receipt premise. It is not a direct tax- payable by the administration supplier yet customarily recuperated from the beneficiary of services. The law requires separate notice of Service Tax sum in the receipts.

If your business registered for service tax then it is very beneficial for growth of both for the business and also for the business owner. Normally, every person at risk to pay this Tax is required to enrol it with the Service Tax comply and authorities to procedural necessities such as paying charges, recording returns, and so forth. In any case, on account of non-resident administration suppliers who don't have workplaces in India, this weight is moved to the recipient of the administration with impact from 16 August 2002. Further, with impact from 16 June 2005, where any taxable service is given by a non-resident even from outside India and got by an inhabitant having a position of business in India, such service is additionally considered to be an taxable administration and liable to be saddled in the hands of the beneficiary. In such manner, the GOI now proposes to make particular decides that will oversee the taxability of a particular administration rendered from outside India and got in India. Draft rules in such manner have as of now been issued for remarks from the business.

Needs FOR SERVICE-TAX REGISTRATION

Service Tax Registration in India requires different archives from different diverse class of entities depending upon the constitution of the substance i.e. in the event that it’s Proprietorship, Partnership or an organization. Given underneath is the rundown of records required for different sorts of associations. The necessities for Service-Tax enlistment are as per the following:

Self guaranteed duplicate of Permanent Account Number (PAN) issued by pay Tax Authorities (both side). Proprietor/Firm/Company

Private Address Proof of Proprietor/Partners and Directors/Authorized Signatory - Rent Agreement/Ownership Proof If Rented Premises than are as follows:

1.       Rent Agreement

2.       NOC from Landlord

3.       Proof of Ownership of Property of Landlord

What registrationwala.com Offers

Since the presentation of Service Tax, the extent of the same has expanded considerably from year to year. The offer of Service Tax in the total tax to the Government has additionally expanded significantly. Consistence with Service Tax has likewise expanded in quantum and intricacy since its presentation. The Service Tax Registration service sticks totally to the concerned principles and regulations.

We offer service tax registration services at reasonable value, which meet the customer's necessities and desires totally. We likewise offer our service tax online registration services for different type of businesses. With the assistance of our legal guides and experts, we can grasp to the necessities of our customers. We can help and deal with all assist and technique required through and through till you get the service tax registration testament.