What is Service Tax Registration?

Proper registration under the relevant jurisdictional Central Excise/Service Tax Office by the provider of any taxable services, is known as the service tax registration. This service tax registration is necessary for identification of the assesse, deposit of the collected service taxes, filing the service tax returns, and diverse processes prescribed under the Indian Finance Act, 1994.

The service tax is an indirect tax introduced in India by the Finance Act of 1994. This service tax is levied on a wide-range of services specified by the Central Government of India, which are called as the taxable services. The range of these services is regularly widening with inclusion of more and more services every year. At present, the rate of service tax applicable is 15% of the value of any taxable service. In India, the primary central body concerned with making formulations and policies related with the service tax, is the Central Board of Excise and Customs (CBEC), which functions under the Department of Revenue, the Ministry of Finance. Failure to obtaining mandatory service tax registration attracts penalties described in the Section-77 of the Finance Act, 1994. The service tax registration procedure is described below.

Service tax registration is mandatory for all those service-providing entities, the total sales of which reached INR 9 (Nine) Lac in any financial year. Collected at the prescribed rate from the recipients of the taxable services, the service taxes are to be paid to the Central Government via the designated Banks either quarterly or monthly by the service-providing entities. Sole Proprietorships, Partnership Firms, and Limited Liability Partnership (LLP) Firms are required to deposit the collected service taxes from customers/clients quarterly. While, other forms of entities like Companies, Trusts, Societies, etc. need to pay it monthly.

Service Tax Registration Procedure

Service tax registration can be made either through online mode or offline mode. In general, about 7 to 10 days are taken for the government to issue the service tax registration certificate, counted from the date of submission of the completed Form ST-1. This service tax registration number or service tax code is a 15-digit number.

For online registration, please log on to ACES (Automation of Central Excise and Service Tax) of the CBEC. And, for offline or traditional registration, the complete service tax registration Form ST-1 is to be submitted to the jurisdictional Central Excise/Service Tax Office. The documents required for service tax registration under both these modes are enlisted below separately. Here, it may also be noted that the service tax code will be very useful while making all correspondences with taxation or other regulatory authorities.

Documents Required for Service Tax Registration

Along with the Form ST-1, other documents/enclosures required to be submitted to the registration authority, are the following:

  • Certified copies of the Incorporation Documents of the Company, such as the incorporation certificate, MOA & AOA/Partnership Agreement, Location Proof, Rental Agreement/Sale Deed of the real estate property concerned, etc.
  • Copy of the PAN Card of the service-providing entity
  • Bank Account of the Company
  • Bank Statements for the previous and current Financial years
  • Board Resolution in favor of service tax registration
  • Documents related with Identity Proof and Address Proof of the Directors
  • Power of Attorney, if any
  • And, other documents deemed relevant.

To receive expert and efficient support for service tax registration in India, the concerned people or entities may readily contact over: 8800-100-284; or send their queries or mails to: info@GlobalJurix.com.

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