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Service Tax Consultancy

We Provide Service Tax Registration, Consultancy on Services and applicability of Service tax Act , Filing of Service Tax return in ST-3 ,Consultancy on deposit of monthly service tax of both corporate as well individuals, Maintenance of Service Tax Records, Liaisoning with respective Authority etc.

Service Tax in Detail
Service Tax is levied on the notified services. It is a union levy administered by the Central Excise Department and governed by Chapter V of Finance Act, 1994 (the Act) as amended from time to time. The rate of service tax till 9 September, 2004 was 8 per cent and from 10 September, 2004, it was increased to 10 per cent. Education cess at 2 per cent is levied on service tax amount from 10 September, 2004. The effective rate of service tax works out to 10.2 per cent. Service tax is charged on the gross value of services and is generally payable on receipt basis. It is an indirect tax - it is payable by the service provider but it is ordinarily recovered from the recipient of services. The law requires separate mention of service tax amount in the invoices.