Quick Answer: What Is The Due Date Of Service Tax?

Do doctors have to pay service tax?

a) The amount booked under “collection charges/facilitation fee” of doctors is not liable to service tax under Business Support Service.

In terms of Section 65(104c) of the Finance Act, 1994, doctors are not “business entities” and are not engaged in a business or commerce..

How can I deposit service tax now?

Revised Procedure for making e-paymentTaxpayer would access the CBIC-GST Portal https://cbec-gst.gov.in/.Login with their existing user id and password.Taxpayer selects “Services”->“E-Payments” in menu.Taxpayer has option to “Create Challan” and “Track Challan Status” under “E-Payments”More items…•

What happens if service tax is not paid?

If an assessee has not filed his or her service tax return, then a late payment fee of Rs 500 will be charged for the initial 15 days of delay. If an assessee has not filed his or her service tax return, then a late payment fee of Rs 1,000 will be charged for delays ranging from 15 to 30 days.

What is st3 in service tax?

It is a self assessed statutory document notified by the Central Board of Excise and Customs which functions under the Ministry of Finance for the service providers to enable them to declare the value of taxable services provided or received by them and the taxes paid by them for the same. 2.

What is the turnover limit for service tax registration?

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.

Is interest a penalty?

In money lending and in sales contracts, penalty interest, also called penalty APR (penalty annual percentage rate), default interest, interest for/on late payment, statutory interest for/on late payment, interest on arrears, or penal interest, is punitive interest charged by a lender to a borrower if installments are …

How can I file service tax return?

Every registered service tax assessee has to file service tax return in form ST-3 on a half-yearly basis before the due date to avoid penalty. For filing returns for the period April-September, the due date is October 25, while for October-March it is April 25.

What is the due date for payment of service tax?

Monthly Payments: If the service taxes are paid online through internet banking, etc., the payments will be due on the 6th of every month and the 31st of March. If the service taxes are paid by any other means, the payments will be due on the 5th of every month and the 31st of March.

Can penalty under service tax be waived?

There shall be no waiver of paying interest for delay in payment of service tax. Sec. 78 of the Finance Act, 1994 provides penalty for failure to pay service tax. It provides that any person, liable to pay service tax in accordance with the provisions of Sec.

Is service tax is applicable after GST?

So, as per law, Service Tax has been phased out by GST and customers are not supposed to pay it. However, the Service Charge is still applicable.

How can I check my service tax registration number?

So if you have a pan number of the firm then check service tax number as below.Assessee code to be digitized in case of Central Excise (major account head 0038) as :1-10 digits : 10-digit PAN. … Assessee code to be digitized in case of Service Tax (major account head 0044) as :1-10 digits : 10-digit PAN / TAN.More items…•

What is the difference between service charge and service tax?

1) The service tax is a government levied tax and is fixed in every state of India, at 14 percent. On the other hand, service charge is an extra cost charged by the restaurant, which varies. … 3) Officially, only a restaurant which is centrally air-conditioned/heated is eligible to levy a service tax on the customers.

What are the services on which service tax is charged?

Definition: Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. … This tax is payable only when the value of services provided in a financial year is more than Rs 10 lakh. This tax is not applicable in the state of Jammu & Kashmir.

Can service tax be paid now?

Due to this change, the payment of arrear taxes of central excise and service tax will now undergo change. The challan will be created on CBIC-GST portal and the payment will be made on the ICEGATE portal. The change will be effective from 1 July 2019.

Can interest be more than service tax?

2016, however it paid service tax on 10.10. 2016. In this case interest will be applicable @ 15% as XYZ Ltd has not collected the service tax amount (as the amount is payable under reverse charge….Service Tax Interest Calculator with examples.PeriodRate of Interest01.04.2011 to 30.09.201418% per annum : Notification No. 14/2011- ST, dated 01/03/201112 more rows•May 29, 2018

What is the difference between GST and service tax?

Service tax was levied on “provision of services” while GST will be levied on supply of services. … Krishna: Arjuna, in Service tax the rate is 15%, while in GST the rate of tax on services might be 12% or 18%. The rate of tax on Services will be defined according to the Service Accounting Code.

What is service tax rate in India?

For transactions that occurred on or after 1 June 2016 this tax is at 15%. 2016 Union budget of India has proposed to impose a cess, called the Krishi Kalyan Cess, at 0.5% on all taxable services effective from 1 June 2016. The current service tax is at 15%.

Who is responsible for service tax registration?

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.