The service provider must be registered with the Central Government if the preceding fiscal year's turnover is over Rs. 9 lakh. However, collection must start, at the rate of 15%, only when the turnover of the business exceeds Rs. 10 lakh. Once service tax is collected, if even for only a month, the service provider must continue to collect service tax, regardless of whether revenues fall below Rs. 10 lakh per annum. Service Tax is to be paid to the central government via designated branches or online once every quarter by LLPs, partnerships and sole proprietors and once every month by all other entities. Service tax returns must also be filed twice a year. The due dates are October 25 for the period April 1 to September 30 and April 25 for the period October 1 to March 31.
To be submitted by Directors & Shareholders Scanned PAN Card of Partners/Directors/Proprietor Scanned copy of Voter's ID/Passport/Driver's License Scanned passport-sized photograph Scanned passport-sized photograph Rental agreement/Sale deed of commercial space For the Entity (if any) PAN Card of Company or Partnership Board Resolution, in case of company Incorporation Certificate or Partnership Agreement Memorandum & Articles of Association
Not on Exports Service tax applies only to services sold within India; exports are, therefore, exempt from this registration. Therefore, if you're billing a US-based client for, say, web development work, you don't need to add service tax. Steep Fines Service Tax Registration is mandatory for all service providers (as defined under the Act) with a turnover of over Rs. 9 lakh. Failure to apply would result in penalties of Rs. 5,000 or Rs. 200 a day, whichever is higher. Failure to collect service tax, once applicable, would also result in steep fines (capped at the amount owed). No Going Back Service Tax must be collected when your revenues are Rs. 10 lakh or over. But once this you cross this mark, you must always collect the tax even if your turnover is less than this in subsequent years.