What is the payment of service tax?

What is the payment of service tax?

Service tax is payable on all taxable services rendered in India , whether to an Indian or foreign client. Services rendered abroad shall not attract service tax as the levy covers only the services provided within India. The Service Tax is to be paid on the value of taxable services which is charged by an assessee .

How can I check my service tax challan online?

After e-payment of central excise duty / service tax, the Assessees may view the “challan status enquiry” in the website https://onlineservices.cbec-easiest.gov.in/csi/indexl so as to confirm that the e-payment challan is uploaded / found in the EASIEST (NSDL) website.

What type of tax is service tax?

Indirect 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 an indirect tax?

Service Tax was introduced under the Finance Act, 1994, and is an type of Indirect tax.

What is the mandatory form?

By submitting a mandate form, you authorise your bank to conduct an auto-debit transaction. In this transaction, a certain amount is drawn from your savings account on predetermined dates. The drawn amount is then invested by way of SIPs in your chosen mutual fund schemes.

What is gar-7 Challan for payment of service tax?

This excel base GAR-7 Challan for payment of service tax is Based on latest circular no 162/2012 dated on Negative List Approach. Has facility of building and saving assessee database to avoid repetitive work.

What is the colour of gar-7 Challan in GST?

For Service Tax, GAR-7 Challan should be in yellow colour with black printing (in case of ordinary payment). Use separate challan for payment of different taxes. Don’t mix service tax, excise duty or customs duty in single challan.

How do I pay service tax in Challan?

Use separate challan for payment of different taxes. Don’t mix service tax, excise duty or customs duty in single challan. CIN is stamped on the acknowledgement receipt to identify the payment of Service Tax. It is the proof of payment.

Where can I find the form of gar-7?

FORMAT OF GAR-7 IS PROVIDED IN EXCEL FORMAT I.E CHALLAN FORM OF SERVICE TAX. THIS FORM IS HOSTED IN ASSISTENCE WITH WWW.MI7SAFE.ORG #xls