Service Tax Return Filing and Due Date


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. At present, Service Tax is levied at 14% on the value 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.


All persons or entities liable to pay service tax or having service tax registration must file service tax returns. Entities having service tax registration are mandatorily required to file service tax returns. Service tax return must now be e filed. Service tax returns are due half-yearly. 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.


Penalty for late filing of service tax return:

Delay of upto 15 days in filing service tax return could attract a penalty of Rs.500. Delay of 15 – 30 attracts a penalty of Rs.1000 and delay in filing of service tax return for a period of more than 30 days attracts a pentaly of Rs.1000 + Rs.100 for each day of delay in filing service tax return upto a fine of Rs.20,000.


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