Service Tax is a tax levied by Central Government of India on services provided or to be provided excluding services covered under negative list and considering the Place of Provision of Services Rules, 2012 and collected as per Point of Taxation Rules, 2011 from the person liable to pay service tax.

Service tax is only liable to be paid in case the total value of the service provided during the financial year is more than Rs. 10 Lakhs. If the value of services provided during a financial year is less than 10 Lakhs

It is charged to the individual service providers on a cash basis, and to companies on accrual basis. 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.

The basic rate of service tax is now 14% and no education cess will be levied to it. Solubilis Corporate Services provides service tax registration in Chennai and service tax registration Coimbatore. We are the India’s fastest company registration consultants providing service tax registration at affordable cost.

Leave a Reply

Your email address will not be published. Required fields are marked *