J B Accounting Service

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Service Tax

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We Are Providing  Following  Services   :

1. Registration Procedures for Service Tax.

2. Advise on Service Tax Laws.

3. Filing of E-Returns in time.

4. Updating the Clients from Various Notifications and Circulars regarding Service Tax.

5. Handling the Case with the Department, which include Filing of Returns, Liasoning  with Department, Appeal or Legal Requirement with the Department.

6. Advise on Applicability of Act , E-Payment of Tax, Interpretation of Various Sections, Notifications, Clarifications, Circulars, Rules, etc issued by the Department.

7. Representation before Tax Authorities at the time of Assessment / Audit / Appeal Proceedings.

8. Updating the clients regularly regarding Changes in Laws.

Applicability of Service Tax :

Service Tax act/Rules has provided exemption to small scale service provider from service tax up to aggregate value of taxable services provided of 10 lakh in a Financial Year . This exemption was available before 01.07.2012 and continued even after 01.07.2012 in negative list regime with few changes w.e.f. 01.04.2012.

If in the previous financial year the aggregate value of taxable services provided by you was less than Rs.10 lakh and in the present financial year the aggregate value of taxable services provided by you is also less than Rs.10 lakh. Then no need to pay service tax .

If in the previous financial year aggregate value of taxable services provided was less than 10 lakh but this year aggregate value of taxable services provided is more than 10 lakh them you start paying service tax after crossing the threshold of Rs 10 lakh.

If in the previous financial year aggregate value of taxable services provided was more than 10 lakh but this year aggregate value of taxable services provided is less than 10 lakh them you start paying service tax from rupee one.



See chart

Aggregate value of Taxable Services provided    Service Tax applicable       
Preceding Financial  Year    Current Financial year            
Less than 10 lakh    Less than 10 lakh    No service tax       
Less than 10 lakh    More than 10 lakh    Service tax applicable after 10 lakh       
More than 10 lakh    Less than 10 lakh    service tax applicable from Rs one ,No exemption available