Service Tax Returns Filing

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Service tax is an indirect tax levied on the services provided by a service provider in India. Service tax is paid by the end consumer of the service and the service provider is responsible for collection of remittance from the recipient of the taxable service. Service tax registration is mandatory for every person or business in India that has provided a taxable service of value exceeding Rs.9 lakhs, in the previous financial year. AuditNeeds provides service tax registration services.

Persons or entities liable to pay service tax or having service tax registration must file service tax returns twice a year, regardless of whether the turnover exceeds Rs. 10 lakh. In fact, even if there is no revenues, one still need to file returns as nil by October 25 (for April to September) and by April 25 (for October to March). Before this filing, however, all the service tax dues need to be cleared. Failure to pay service tax or file service tax returns by the due date would result in penalties. The fine is Rs. 500 if the delay is up to 15 days, Rs. 1000 if the delay is up to 30 days and an additional Rs. 100 per day thereon, subject to a maximum of Rs. 20,000.

AuditNeeds can help you file your service tax return online. Our service tax experts can help you compute your service tax liability, e file the service tax return and keep you in compliance with service tax regulations.