How can I check my Service Tax no?
How can I check my Service Tax no?
The Service Tax Code Number is a 15-digit code, based largely on the PAN number of the assessee….How to Understand Service Tax Number Structure
- Digits 1 to 10 will be the PAN or TAN Number.
- Digits 11 and 12 will be XM.
- Digits 13 to 15 will be the number of registrations issued against that PAN or TAN, starting with 001.
How is your service taxed?
When revenue is Rs 10lakhs or less – If the total Revenue you earn from freelancing work is Rs 10lakhs or less, Service Tax rules do not apply. You will be exempt from collecting and paying service tax on your services. Here Revenue means your total receipts from your clients.
What is the time limit for Service Tax notice?
The SCN is barred by Limitation The said section lays down a time limit of 30 months from the relevant date. The relevant date is separately provided under section 73(6) as the date when the return was due to be filed.
What is Service Tax and how is it charged?
It is charged to the individual service providers on 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.
Is it mandatory to pay Service Tax?
According to Union government approved guidelines in 2017, service charge on hotel and restaurant bills are voluntary and not mandatory. When he received his bill, he noticed he had been charged a 10% service charge, in addition to the goods and service tax (GST).
Who is responsible for Service Tax?
service provider
Every service provider is liable to pay service tax in India. Though service tax is an indirect tax which is collected by the ultimate consumer, but still it is the duty of the service provider to collect those taxes and pay to the government.
What happens if service tax is not collected?
In the case of a person who collects any amount as service tax but fails to pay the amount so collected to the credit of the central government, on or before the date on which such payment is due, the central government may, by notification in the official gazette, specify such other rate of interest, as it may deem …