Assessees can pay service tax through Internet Banking facility extended by certain banks. The following banks offer the facility of e-payment of service tax:.
While the measure is aimed at bringing efficiency by automating the processes, it is anticipated that this would cut down the time and cost of tax payers and also result in a steady increase in more and more assessees adopting this facility.
For taxpayers who opt to maintain account with the concerned bank and willing to use Internet banking facility :. The validation is mandatory and only successful entrants will be allowed to proceed further. This will ensure that the bank is not collecting and accounting indirect tax revenue for a Commissionerate for which it is not authorized. Click here Consolidated instructions on compassionate appointment-Replacement of Para regarding. Click here Reminder-data collection on pending compassionate appointment applications-reg.
Chairman's Desk. Taxpayer Assistance. GST Common Portal. Indian AEO Programme. Public Information. Stakeholder Consultation. Departmental Officers. Till Nil 4. Nil 5. Period Rate of Interest 1. Section Offence Details 1 76 Failure to pay service tax In addition to the service tax and interest, penalty not less than Rs.
Failure to keep, maintain or retain records- Up to Rs. Failure to pay tax electronically by the person required to pay tax electronically- upto Rs. For contravention of any other provisions of the Act where no separate penalty is provided- upto Rs. The reduced penalty is available only if the penalty is paid within 30 days of the date of communication of the order.
Levy of service tax 1. The table also shows the 'accounting heads' for each category service, for the purpose of payment of service tax: Sr.
Air Travel Agent. Auctioneers' service, other than auction of property under directions or orders of a count of or auction by Central Govt. Authorized Service Station.
Auxiliary to General Insurance. Auxiliary to Life Insurance. Beauty Parlor. Business Auxiliary Service. Business Support Service. Cargo Handling. Chartered Accountant. Cleaning Service. Clubs and Associations. Commercial Training or Coaching. Company Secretary. Construction of Residential Complex. Consulting Engineer. Convention Centre. Cost Accountant. Courier Services. Credit Rating Agency.
Custom House Agent. Dry Cleaning. Erection, Commissioning or Installation. Event Management. This beneficial rate is at the option of the company and is applicable on satisfaction of the following conditions, cumulatively: The company has not claimed a tax holiday available to a unit in an SEZ, benefit of accelerated depreciation, or benefit of additional depreciation, investment allowances, expenditure on scientific research, and any deduction in respect of certain income other than deduction in respect of employment of new employees and deduction of certain income of Offshore Banking Units and International Financial Service Centre.
However, the corresponding adjustment in written down value of such block of asset as on 1 April shall be allowed in the prescribed manner. Companies exercising this option have been excluded from the applicability of provisions of minimum alternate tax MAT and MAT credit.
The 'business' is not formed by splitting up or reconstruction of business already in existence exception provided for undertaking formed as a result of re-establishment, reconstruction, or revival of business. Does not use plant and machinery previously used for any purpose in India, and no depreciation has been claimed on the same.
Does not use any building previously used as a hotel or convention centre for which deductions under provisions of the Income-tax Act have been claimed or allowed. The company is not engaged in any business other than the business of manufacture or production of any article or thing and research or distribution of such article or thing manufactured or produced. The following businesses shall not be treated as business of manufacture or production of any article or thing: Development of computer software in any form or in any media.
Conversion of marble blocks or similar items into slabs. Bottling of gas into cylinder. Printing of books or production of cinematograph films. Any other business notified in this behalf. The company has not claimed a benefit for establishing its unit in an SEZ, benefit of accelerated depreciation, or benefit of additional depreciation, investment allowances, expenditure on scientific research, and any deduction in respect of certain income other than deduction in respect of employment of new employees.
In case difficulty arises in non-fulfilment of certain conditions in this section, the CBDT may issue guidelines for removing the difficulty. Domestic transfer pricing provision shall be applicable for these companies. Local income taxes There are no local, state, or provincial taxes on income in India at present. India contacts. Tax Insights Access featured tax publications and webcasts. As amended upto Finance Act, Assessment Year Select Whether opting for taxation under Section BAC?
Select Yes No. Tick if, total turnover or gross receipts of the company in the previous year does not exeeds 50 crore rupees. Tick if, total turnover or gross receipt of the company in the previous year does not exceed crore rupees. Tick if, company opted and qualify under section BA.
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