What is Centralised registration under service tax?

What is Centralised registration under service tax?

A person registered under Centralized registration scheme, can make the service tax payment and file the service tax return centrally in the premises/ office granted for centralized registration by the Department.

Who is eligible for service tax registration?

Who should apply for registration under Service Tax law? Every person who has provided a taxable service of value exceeding Rs. 9 lakhs, in the preceding financial year, is required to register with the Central Excise or Service Tax office having jurisdiction over the premises or office of such service provider.

What are the provisions for registration of a taxable service provider?

Service Tax Registration Rules

• Every individual liable to pay service tax should register through Form ST-1 within 30 days from the date on which service tax was levied.
• If an assessee is providing more than one taxable service, they can mention all the taxable services provided by them in a single application.

Is service tax registration mandatory?

Although Service Tax is required to be paid only when the aggregate value of services provided exceeds Rs. 10 Lakhs in a financial year, the service tax provider is required to apply for Registration for Service Tax within 30 days of his turnover exceeding Rs. 9 Lakhs.

What are the features of service tax?

The salient features of levy of service tax are:

• Scope: It is leviable on taxable services ‘provided’ or ‘to be provided’ by a service provider.
• Rate: It is leviable @ 12% of the value of taxable services.
• Taxable services: Service tax is leviable only on the taxable services.

What is service tax discuss the main features of service tax?

Definition: Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994.

What is the threshold limit for service tax registration?

All service providers in India are required to obtain service tax registration once the annual aggregate taxable services revenue exceeds Rs. 9 lakhs. Service tax payment or liability accrues once the aggregate value exceeds Rs. 10 lakhs.

Is service tax registration required for export of services?

Service Tax on Export of Software Services There is no need to pay the Service Tax on the services or not require Online Service Tax Registration in India which are rendered outside India except Online information and database access or retrieval services which will be taxed in India.

What is the rule of Service Tax?

Under Rule 4A of the Service Tax Rules, 1994, it is compulsory for a service tax assessee to issue a bill or invoice within 14 days from the date on which the taxable service was completed or the date on which the payment was received for the service, whichever comes first. The amount of service tax payable.

How to apply for centralized registration under service tax?

A person seeking Centralized registration under service tax, need to submit the duly filled ST-1 application form along with the complete list of documents to the Jurisdictional Deputy Commissioner/ Assistant Commissioner in whose charge the premises/offices to be centrally registered falls. 3. Granting authority of Centralized Registration:

Who is required to register under Service Tax Rules 1994?

Registration [Section 69 & rule 4 of the Service Tax Rules, 1994] : (1) Persons requiring registration: Every person liable to pay service tax is required to register himself by making an application to the Superintendent of Central Excise [Section 69 (1)].

What are the service tax rules for a centralized billing system?

As per the service tax rules, a person liable to pay service tax, provide or receive services more than one premises or offices and has centralized billing system or centralized accounting system, he may at his option apply for centralized registration for the premises or offices where the centralized billing or accounting system located.

Who is liable for registration under service tax?

Person liable for registration under service tax Every person who has provided a taxable service of value exceeding Rs. 9 lakh, in the preceding financial year, is required to register with the Central Excise or Service Tax office having jurisdiction over the premises or office of such service provider.