Gst Registration Kerala
Service Tax Registration
Service tax is a tax on services provided in India. Gst Registration Kerala is levied under the Finance Act, 1994 on certain services as specified by the Government.
Service tax is to be paid by the receiver of the service. However, service tax is a form of indirect taxation. Therefore, the person who provides the taxable service on receipt of service charges along with the service tax is responsible for paying the service tax portion to the Government. Also, small scale service providers who provide less than Rs.10 lakhs of taxable service a year is exempt from service tax.
Taxable services
Almost all services provided in India are taxable. To find the complete list of taxable services, refer to Section 65(105) of the Finance Act, 1994. All taxable services as on 1.5.2011 is listed in Appendix-1.
Rate of Service Tax
Service Tax Rate Now 18%
Must obtain service tax registration
Any person who has provided taxable service of value exceeding Rs.9 lakhs in the preceding financial year is required to obtain Gst Registration Kerala. When a person commences a new business, he/she is required to obtain service tax registration within 30 days of commencement, if the business will have taxable service in excess of Rs.9 lakhs.
Service tax registration certificate
Service tax registration certificate must be issued by the Government within a period of seven days from the date of submission of application ST-1 along with all the relevant documents. In case the registration certificate is not issued within seven days, the registration applied for is deemed to have been granted.
