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SERVICE TAX


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In simple terms service tax is defined as tax levied on services. It is a form of indirect tax, imposed on specified services known as “taxable services”. The liability of tax is on the service provider (in some cases service receiver), i.e. person who is providing the service is liable to pay tax to the government. In India, Service Tax is applicable on the receipt of the consideration for the services provided or on advance receipts. The liability of tax is on the service provider, in some cases service receiver, i.e. person who is providing the service is liable to pay tax to the government. With respect to service tax we offer following services to our esteemed customers.

  • Review of Service tax applicability including exemptions
  • Compiling and calculating the net service tax on output services
  • Representation and Registration
  • Maintenance of Statutory Records
  • Ascertainment of periodic liability, adjusting credit and compliance
  • Liaison with departments, attending to assessments and notices and
  • Filing Statutory Returns and claims for refund for service tax.

As per Section 66 of Indian Finance Act, 1994 tax (Service Tax) @ 10% of the value of taxable service, in addition, 2% Education Cess and 1% Higher Education Cess is applicable on taxable services. Thus, total service tax is 10.30% on the taxable services will have to be paid to the government in India.

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