Service tax is an indirect tax imposed by the Government of India on services provided in India. While the tax is borne by service receivers, service providers are responsible for collecting it from clients and depositing it with the Government. Service providers must obtain a Service Tax Registration if their annual turnover exceeds Rs. 9 Lakhs. Small Scale Service Providers with turnover less than Rs. 10 Lakhs annually are exempted. Service tax returns must be filed electronically on a half-yearly basis by the 25th of April and October, even if the value of services is nil. Late filing penalties ranging from Rs. 500 to Rs. 20,000 can be levied depending on the delay period.

1. FINANCIAL YEAR 2017-18
Service Tax
Compliances!
5th of every month is the last
date for Tax Deposit pertaining
to last month (For Individual,
Proprietorship or Partnership or
LLPs may deposit tax on
quarterly basis)
25th April/Oct is the last date of
filling Service Tax return
BENEFITS OF FILING SERVICE
TAX RETURN
Boosting Your Business Profile.
Easing Business Dealings .
Avoiding Financial Penalties
CENVAT Refunds
Avoid Cancellation or Suspension
Due Dates
NIL Return Service Tax
Starting From Rs.
599/-

2. SERVICE TAX-
INTRODUCTION
GET IN TOUCH TODAY!
Rashi
Startup Consultant
Startup Minds
+91 954-000-3546
info@neusourcestartupminds.com
www.neusourcestartupminds.com
Service Tax is an indirect tax imposed
by Government of India on services
provided in India, where although the
tax is borne by service receivers
(clients), the service providers (business
entities) are responsible for collecting it
from them and depositing it with the
Government. It is charged on ALL
services except a handful of the
services in the negative list of services.
All entities that are engaged in
provision of services other than the
ones specifically notified in negative
list, are required to obtain a Service Tax
Registration.
Service provider is mandatorily
required to apply for Registration for
Service Tax within 30 days of his
turnover exceeding Rs. 9 Lakhs. In any
other case, voluntary registration might
be sought.
‘Small Scale Service Providers’, the
aggregate value of taxable services
rendered by whom has not exceeded
Rs. 10 Lakhs in previous and current
financial years, are exempted from
collecting service tax.
15 Digit Number
User ID & Password
All Sales Purchase Bills of Services
Tax Payment Challan
DOCUMENT REQUIRED
FOR FILING ST RETURN
PENALTIES
Every assessee is required to file
Service Tax Returns on half-yearly
basis, even if the value of services is
NIL.
Returns are filed electronically.
Due date for recording the profits are
25th October for the half year ending
30th September and 25th April for the
half year ending 31st March.
Returns may be revised within 90 days
of furnishing the original return.
Delay in furnishing returns would
result in late filing fee being leviable,
which could range from Rs.500-20,000
depending on the period of delay.
Additional penalties may also be levied
for non-compliances at the discretion
of assessing officer.
SERVICE TAX RETURN AND
PENALTIES