Friday 9 October 2015

TAX


Service Tax
The Service Tax is an indirect tax levied on certain services provided by certain categories of persons/firms/agencies. 

Guidelines for payment of tax by way of cheque:
Please make sure that the cheques you are submitting for payment of tax are 'account payee only' and the same may be drawn in the name of Commissioner of the concerned Municipal Corporation/ Nagara Palike.
Please retain the property tax bill and the receipt issued by the authority after having received the payment, since the same may be required for various purposes.

A prospective Service Tax assessee seeking registration shall file an application in Form ST-I (in duplicate) before the jurisdictional Central Excise officer/Service Tax Cell officer within thirty days from the date of notification of the taxable service. Department will issue the registration certificate to the assessee within 7 days of the receipt of application. In case of failure to issue registration certificate within 7 days, the registration applied for shall be deemed to have been granted and the assessee can carry on with his activity

Modes of payment of tax bill
You can pay your bill either by way of cash to the banks, or by way of cheque or demand draft.

Whether all properties are subjected to payment of tax?
Tax is levied on all the buildings, land, structures with land and all the non-agricultural lands within the limits of Corporation, municipality, village Panchayat, etc. except the properties which are specifically exempted from tax under law.


Time limit for paying the Service Tax to the Govt.
In a case, where an assessee is an individual or a proprietary or partnership firm, service tax on the value of taxable services received during any quarter shall be required to be paid by him to the credit of the Central Govt. by 25th of the month immediately following the said quarter. In all other categories of service tax assessees, service tax on the value of taxable services received during any calendar month shall be required to be paid by them to the credit of the Central Govt. by 25th of the month immediately following the said calendar month.

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