How to Obtain Service Tax Registration Online

How to Obtain Service Tax Registration Online

Service tax registration is required for any person or entity providing taxable services of over Rs.9 lakh. Service tax registration helps the Service Tax Department identify assesses and track all aspects of service tax compliance. For the assesse, service tax registration is required to deposit service tax, file service tax returns and maintain compliance with service tax regulations. Failure to obtain service tax registration would attract penalty in terms of section 77 of the Finance Act, 1994.

 Documents Required for Obtaining Service Tax Registration

The following documents are required for obtaining service tax registration in India:

• Self-attested copy of the PAN Card of the Proprietor or Company or LLP or Legal entity;
• Photograph and proof of identity of the person filing the service tax registration application
• PAN card;
• Passport;
• Voter Identity Card;
• Aadhar Card;
• Driving license;
• Any other Photo-identity card issued by the Central Government, State Government or Public Sector Undertaking.
• Address proof for the address submitted along with proof of ownership, lease or rent agreement, allotment letter from Government.
• No Objection Certificate from the legal owner.
• Bank Account Details
• Memorandum of Association (For Company)
• Articles of Association (For Company)
• List of Directors (For Company)
• Authorisation by the Board of Directors/Partners/Proprietor for the person filing the application.
• Business transaction numbers obtained from other Government departments or agencies such as Customs Registration No. (BIN No), Import Export Code (IEC) number, State Sales Tax Number (VAT), Central Sales Tax Number, Company Index Number (CIN) which have been issued prior to the filing of the service tax registration application.

Also Read:  How to pay Service Tax online

Procedure for Applying for Service Tax Registration

Process for obtaining service tax registration online

To obtain service tax registration, the applicant can file the ST-1 application for service tax through the Automation of Central Excise and Service Tax (ACES) website http://www.aces.gov.in .The documents listed above along with the requisite information must be submitted online.

On filing the ST-1 service tax registration application online, the applicant must submit a self attested copy of the above documents by registered post/speed Post to the concerned Division, within 7 days for the purposes of verification.

If the documents and information submitted are acceptable, service tax registration would be granted within 2 days of filing ST-1 online – based on trust.  The service tax applicant can use the electronic service tax registration certificate as proof of registration and begin electronic payment of taxes.

In case there is a need for verification of the premises or documents submitted, the same can be requested by an authorised Service Tax Officer. Further, under the following circumstances, the service tax registration certificate may be revoked by the service tax department:

1. The premises are found to be non existent or not in possession of the assessee.
2. No documents are received within 15 days of the date of filing the registration application.
3. The documents are found to be incomplete or incorrect in any respect.

Please mail us query @ jitu.suthars@gmail.com to get a Service Tax number without any problem.

How to Obtain Service Tax Registration Online

Highlights of Union Budget 2016-17

Highlights of Union Budget 2016-17

Following are the highlights of Union Budget 2016-17 presented by Finance Minister Arun Jaitley in Parliament on Monday:

·         No change in personal Income Tax slabs

·         4-month Compliance Window for domestic black money holders; tax, interest on them at 45%

·         Relief for tax payers who earn below Rs 5 lakh; ceiling of rebate u/s 87A raised to Rs 5,000 from Rs 2,000

·         House rent deduction raised from Rs 20,000 to Rs 60,000

·         One-time dispute resolution scheme for retro tax cases, penalty, interest waived

·         High level committee headed by Revenue Secretary to oversee creation of fresh liability using retro tax law

·         Corporate Tax for new manufacturing units fixed at 25%

·         Clean energy cess increased from Rs 200/ton to 400/ton on coal, lignite and peat

·         First home buyers to get addl deduction of Rs 50,000 on interest for loan up to Rs 35 lakh; cost of house should not be more than Rs 50 lakh

·         To achieve fiscal deficit of 3% of GDP by (2017-18)

·         Fiscal Deficit target 3.9% in 2015-16, 3.5% in 2016-17

·         Revenue Deficit to be 2.8% in 2015-16

·         Current Account Deficit for 2015-16 at $14.4 billion or 1.4% of GDP

·         Forex reserves at highest at $350 billion

·         Budget lists 9 transformative pillars including doubling farm income by 2022, infrastructure, investment, reforms

·         Highest ever allocation of Rs 38,500 cr for MGNREGA

·         Certain equipment for dialysis exempt from basic customs duty, excise CVD

·         Govt to circulate Model Shops and Establishment Bill, small retail shops may remain open for 7 days

·         100% rural electrification by May 1, 2018

·         Govt to pay EPF contribution of 8.33% of new employees for first 3 years.

·         Start-ups to get 100% tax exemption for 3 years except MAT which will apply from April 2016-2019

·         To give statutory status to Aadhaar programme

·         Infrastructure outlay at Rs 2.21 lakh cr

·         Rs 35,984 crore earmarked for farmer welfare; to spend Rs 86,500 crore on irrigation in 5 years

·         Rs 20,000 crore irrigation fund to be set up under NABARD

·         Rs 2,000 crore for LPG connection to poor; scheme for MPG connection for women

·         Stand Up India allocated Rs 500 crore

·         Roads and highways allocation at Rs 55,000 crore; NHAI can issue tax free bonds.

·         Long term capital gains for unlisted companies to be reduced from 3 to 2 years

·         Rs 9,000 crore allocated to Swachh Bharat Abhiyaan

·         Targets 10,000 km national highways, upgradation of 50,000 kms of state highways

·         Incentivise gas production from deep sea, other unutilised deep sources

·         Rs 31,300 cr Infra Bonds to be issued by various agencies -- NHAI, IREDA, NABARD

·         Further relaxation of FDI rules in insurance, pension, stock exchanges, asset reconstruction companies

·         100% FDI in food products made domestically

·         Rs 25,000 cr for recapitalisation of PSU banks

·         Department of Disinvestment renamed Department of  Investment & Public Asset Management

·         NITI Aayog to identify CPSEs for strategic sale

·         To design framework for PSU bank consolidation

·         To consider lowering govt stake in IDBI to below 50%

·         Health insurance scheme to provide Rs 1 lakh per family

·         Senior citizens to get additional healthcare cover of Rs 30,000 under the new scheme

·         Comprehensive Code for providing specialised resolution mechanism for bankruptcy of banks/insurance firms

·         To amend Companies Act for registration of firms in a day

·         GAAR to be implemented from April 1, 2017.

·         Legislation to deal with the menace of illicit deposit taking schemes

·         Place of Effective Management rules deferred by a year

·         Withdrawal up to 40% of the corpus at the time of retirement to be tax exempt in the case of NPS

·         Steps to re-vitalise Public-Private-Partnership mode

·         Public Utility (Resolution of Disputes) Bill to be introduced, Guidelines for renegotiation of PPP Concession Agreements

·         New credit rating system for infrastructure projects

·         Interest rate setting Monetary Policy Committee in 2016.

·         *Krishi Kalyan Cess at 0.5% on all taxable services from June 1, 2016

·         Infrastructure cess at 1% on small petrol, LPG, CNG cars, 2.5% on diesel cars of certain capacity and 4% on other higher engine capacity vehicles, SUVs

·         Excise duties on various tobacco products other than beedi raised by about 10 to 15%

·         RBI to facilitate retail participation in G-Secs

·         New derivative products to be developed by SEBI

·         PSU General Insurers to be listed in stock exchanges

·         Review and rationalisation of Autonomous Bodies

·         Amount sanctioned under Pradhan Mantri Mudra Yojana increased to Rs 1.80 lakh crore

·         Govt to increase ATMs, micro-ATMs in post offices

·         Service Tax to be exempted on general insurance schemes under NIRMAYA Scheme.

·         DBT to be used to transfer subsidy on fertiliser in select districts on pilot basis

·         Plan, non-Plan distinction to be done away with; a Committee to review FRBM

·         Service tax on Single premium Annuity Policies reduced from 3.5% to 1.4% of the premium paid in certain cases

·         10% tax rate on income from worldwide exploitation of patents developed and registered in India by a resident

·         NBFCs to get deduction of 5% of its income in respect of provision for bad and doubtful debts

·         Basic custom and excise duty on refrigerated containers reduced to 5% and 6%

·         100% deduction for profits in housing project for flats up to 30 sq metres in four metros; 60 sq mts in other cities, approved during June 2016 to March 2019 and completed in 3 years. MAT to apply.

·         Agriculture credit target highest at Rs 9 lakh crore

·         Unified agriculture market e-platform will be dedicated to the nation on the birthday of B R Ambedkar

  Highlights of Union Budget 2016-17