Service Tax on Online Services Services provided online like Software As A Service (SAAS) or services that extensively use the internet for delivery of services are mostly classified as “Online Information and Database Access or Retrieval Services” (OIDAR). In this article,…
Documents Required for Service Tax Registration Service tax registration is required for all businesses providing taxable services of over Rs.9 lakhs in any financial year. Service tax collection and remittance becomes applicable after crossing taxable services of over Rs.10 lakhs…
Post by: IndiaFilings in Government Initiatives Legal
Advance Rulings on Service Tax An applicant can file for advance rulings on service tax if the applicant is setting up a joint venture with a non-resident Indian or if the applicant is a non-resident setting up a business in…
Post by: IndiaFilings in Government Initiatives
How to Deposit Service Tax From 1st October 2014, it has become mandatory to deposit service tax through internet banking. Prior to the requirement for compulsory e-payment, payments were made through Compulsory E-Payment of Service Tax The requirement for compulsory…
Post by: IndiaFilings in Business Startup Compliance Government Initiatives
Common Service Tax Mistakes Service tax registration and filing of service tax returns is mandatory for those service providers providing taxable services of over Rs.10 lakhs per annum. Incorrect or late filing of service tax compliance could lead to fines…
Post by: IndiaFilings in Business Startup Compliance Government Initiatives
Service Tax on Educational Services The education sector is one of the largest sectors in the Indian economy, providing employment and education to millions of people. Educational services rendered by training and coaching centres have come under the service tax net…
Post by: IndiaFilings in Business Startup Government Initiatives
Entrepreneurs Guide to Service Tax In this edition of "Basics of Business", Mr. S. Jaikumar, Advocate and Country Head of Swamy Associates reviews various concepts relating to service tax in India. Some of the concepts reviewed in this article include: What is service…
Post by: IndiaFilings in Business Startup Government Initiatives Legal
Basics of Service Tax The basic concepts of service tax is reviewed by Mr. S. Jaikumar, Advocate and Country Head of Swamy Associates. The concepts reviewed in this article include: What is service tax? What is the rate of service…
Post by: IndiaFilings in Compliance Personal Finance
Types of Taxes in India “Taxes are paid and nations are made”. However not many are aware that government asks to pay taxes in different manners. Taxes are financial charges imposed on an individual or a company by central government…
Post by: IndiaFilings in Government Initiatives
Service tax on works contract A contract issued to carry out construction, installation, erection repair, renovation, maintenance, alteration of any movable or immovable property and more work related to a transfer of property is called works contract. Works contract attracts…
