Service tax is an indirect tax which is levied on the services provided by a service provider in India. It is a tax that the service provider pays and later recovers the same from the service recipient of the taxable services.
Service Tax Registration is compulsory for all service providers with a turnover of over Rs. 9 Lakh. Failure to apply would result in penalties of Rs. 5,000 or Rs. 200 per day, whichever is higher.
If you have a Service Tax Registration, you need to file your returns by October 25th (for April to September) and by April 25 (for October to March), even if you don’t have any revenues. All your Service tax dues are required to be cleared before this filing. Penalties would be levied if there is any failure to pay tax returns by the due date.
Service Tax Returns Filing is done through LegalRaasta.