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what is service tax? Tell upto filling retuns.
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Answer / jubilee
Service tax is the tax on services...it is an indirect tax
For p yr 2009-10 the rate of stax is 10% and the exemption
lt is 10 lacs. The service tax is to be paid by 5th of next
mth by TR6 / GAR 7 form. Its mandatory for the companies to
electronically pay service tax if during the preccedg yr
the s tax paid by them was 50 lacs or more or in current yr
they have paid tax equal to or more than 50 lacs In case of
e payment the payment can be made till 6th of next mth. In
the month of march the payment has to be made till 31st
march. Return of service tax has to be filed half yrly by
25th of next mth by Form ST3 / ST3A.
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