In the coming days due to knowledge, the service tax filing is going to be really easy. We all have more or less fair idea about service tax. We constantly have some kind of services every time. So in short the services, we take we pay tax for that services.
Service tax was a tax levied by the government on the services that are provided or agreed to be provided. And on which service tax is calculated depending on the government measured rate. This is an indirect tax governed by the predetermined rules of taxation. So for online filing of service tax return, one should consider the rules.
After GST has arrived, people get confused about its usage. Many business personalities don’t even know how to file the service tax return and think that only GST filing will do all the work. But let me disappoint you that this is not the scene. To know the difference between these two tax rules you need to know the differences. This will make you understand the GST billing system well.
GST vs. service tax
- Service tax is currently levied on services only where GST is levied on both services and good. Service tax authority is only controlled by the central government, but the goods and services tax is controlled by the state and central government too.
- Service tax is levied on all the services except the services that are in the negative list. And in the case of GST law, everything except goods will fall under service tax. So here service tax is levied on a provision of services where GST will be levied on the services.
- There are some differences between service tax registration and GST registration. In case of service tax, there is a limit for registration. If the supplier crosses the limit of 9 lakhs, then the registration is mandatory, but if it crosses ten lakhs, then the supplier is bound to collect and file the return. And in case of GST return the limit is 20 lakhs, but there is some exception for certain areas.
How to file the online service tax return?
So from the above segment, we hope that the picture for service tax is clear in your head. Now the major part shows how to file the return so we will be discussing this thing in the following segment.
Services tax return filing should be done every six months, i.e., for the period of April to September, and another one is from October to March. And at the end of the financial year, the annual return must be submitted. And most of the time we have found that people calculate it wrong so they waste their time and the whole procedure become a mess. So to avoid this mess you can visit the site also.
And to make this whole procedure easy that is the online filing of service tax return, there is an online portal where you can easily submit your return.