WEL COME

MEANING
Service tax is an indirect tax levied by the central government on
services provided by any person.
It extends to the whole of india except the state of Jammu and
Kashmir.

Indirect tax
It is a source of revenue for the government in the form of
indirect tax collected consumer and paid to government.

Rates at Beginning & present

Rates
Beginning Rates

Present Rates

Rates at Beginning
BASIC RATE %

S.T.

HEC

to

Eff
rate
5%

to

8%

to

10

12%

to

12

to

12

to

10

to

12

12.24
%
12.36
%
10.30
%
12.36
%

Period
01/07/1994
13/05/2003
14/05/2003
09/09/2004
10/09/2004
17/04/2006
18/04/2006
10/05/2007
11/05/2007
23/02/2009
24/02/2009
31/03/2012
01/04/2012
31.3.2015

present Rates
Period
1.4.2015

BASIC RATE %
12%

S.T.

HEC

Eff
rate

THANK
YOU

Who Should Pay

Service Tax
If you or your business provides Service, Which means providing
intangible benefits to others, that can be doing some work on behalf of
others or professional advice etc. You are liable to register yourself for
Service tax registration when in a year your firms total turnover crosses
9 lacs. And when your turnover crosses 10 lacs, it becomes compulsory
for you to start collecting the service tax from your customer whenever
you render the service. (One example When we buy things from a
small shop he wont charge service tax as their turnover is less, but
when you buy from big shop they will charge you service tax. ) You have
to collect the tax (at the rate 12.36% currently) from your customer
and pay it to the government.
Any person who has collected any sum on account of serv

INTRODUCED SERVICE
TAX
Service Tax was introduced in India

in1994by Chapter V of the Finance

Act,1994. The Central Board of Excise &
Customs (CBEC), Department of Revenue,
Ministry of Finance, deals with the task of
formulation of policy concerning levy and
collection of Service Tax

Due Dates of furnishing service tax

Period

Service tax return due

date

April 2015 To Sep 2015

25th Oct 2015

Oct 2015 to Mar 2016

25th April 2016

Late fee for Delay In Filing service

tax Return
Period

Service tax return due

date

April 2015 To Sep 2015

25th Oct 2015

Oct 2015 to Mar 2016

25th April 2016