Service Tax
The concept of service tax service tax was first introduced in India in 1994, its scope has gradually increased, in view of the revenue earning potentials. The service tax, that is indirect tax, has become a buzzword in the taxation laws and envisaged as the tax of the future.
Applicability of the service tax : The service tax is payable on all the taxable service rendered in India (except Jammu & Kashmir), whether to an Indian or foreign client. However services rendered abroad shall not attract service tax levies, as it extends only to services provided within India. The rate of service tax is 8% ad valorem with effect from 14.05.2003.
We provide following service tax services for their service tax clients:
- Registration Record to be maintained and invoice.
- Payment of service tax Classification of services.
- Adjustment of excess service tax paid.
- Credit of service tax paid Interest and penalty.
- Notice and visit by departmental officer Assessment Revision and appeal.
- Refund of tax.