Question: Who is applicable for service tax?

Who is exempt from service tax?

Any service that is provided or offered free of cost is exempt from service tax. Taxable services that are provided to diplomats and their family members for official purposes are exempt from service tax.

Is it compulsory to give service tax?

So, as per law, Service Tax has been phased out by GST and customers are not supposed to pay it. However, the Service Charge is still applicable. Which of these Financial Solutions would you like advice on? *All fields are mandatory.

Which of the following is a service tax?

Service tax was an indirect tax levied by the government on services offered by service providers. Introduced under Section 65 of the Finance Act, 1994, service tax was on July 2017 replaced by Goods and Services Tax (GST), which subsumed the various types of indirect taxes.

What is taxable service under service tax?

“Taxable Service” means any service provided or to be provided to a client by any person in relation to business auxiliary service. (Section 65 (105) (zzb) of the Finance Act, 1994)

THIS IS IMPORTANT:  What is the meaning of not taxable?

Can service tax be paid now?

As you are aware, currently taxpayers are making payments of Central Excise duties and Service Tax arrears through EASIEST Portal, DG Systems has now integrated payments of CE & ST with ICE GATE portal and the new payment gate way portal “CBIC (ICEGATE) E-payment” will be operational w.e.f., 1st July, 2019 onwards.

What happens if service tax return is not filed?

If an assessee has not filed his or her service tax return for more than 30 days following the expiry of the prescribed deadline, then a late payment fee of Rs 1,000, along with an extra charge of Rs 100 for every additional day of delay in excess of the initial 30 days, will be charged.

Can you deny a service charge?

Compulsory service charge. Some restaurants add a compulsory service charge to your bill, and others leave it to your discretion. In essence you have the right to refuse to pay the service charge in either circumstance if the service falls below a reasonable standard.

Can you refuse service charge?

The service charge, usually 12.5%, is discretionary and quite ‘legal’. If you deem service as unacceptable or do not wish to pay you may ask to have it removed from the bill.

Can we say no service charge?

Clarifying further, the Bengaluru restaurateur added, “Service charge is not mandatory; hotels and restaurants can levy service charge, and customers don’t have to pay the service charge, provided they are aware of the charge and then choose to avail that service or not.”

THIS IS IMPORTANT:  Quick Answer: Can sole proprietors use a fiscal tax year?

What is the rule of service tax?

Under Rule 4A of the Service Tax Rules, 1994, it is compulsory for a service tax assessee to issue a bill or invoice within 14 days from the date on which the taxable service was completed or the date on which the payment was received for the service, whichever comes first. … The amount of service tax payable.

What are the features of service tax?

The salient features of levy of service tax are:

  • Scope: It is leviable on taxable services ‘provided’ or ‘to be provided’ by a service provider. …
  • Rate: It is leviable @ 12% of the value of taxable services. …
  • Taxable services: Service tax is leviable only on the taxable services.

What is the basic concept and procedure of service tax?

Definition: Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994.

Is service tax applicable on hospital bills?

Services provided by any hospital, multi specialty clinic or nursing home, either to an employee of any business or a person covered under the health insurance scheme falls under the taxable services category. Service tax is applicable on the following select health services: Health check ups.