Service tax Rrgistration
Service Tax:The service tax is an indirect tax that is collected by the central government of India. It is specified in the Finance Act 1994 This service tax is collected from the consumer and then passed on to the government. The collection rate is 15 percent of the service value.
Service Tax Registration:As per the rules every service provider has to mandatorily apply for service tax registration if the value of service expected to be service rendered by him in the financial year is more than Rs.9 lakhs. There are over 100 services which are taxable in India, with 17 exceptions. The rate for the service tax is 15 percent and. The tax is applicable only to services you provide in India, as all exports are non-taxable.