Month: December 2015

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What are the tax rates and due dates for Service Tax?

1. Payment of Service Tax For the quarter/month ending March, the due date for payment of service tax shall be March 31. Where tax is paid in modes other than electronically, the due date for payment of service tax shall be 5th of the following quarter/month respectively. Interest on delayed payment W.e.f October 1, 2014,

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professional-tax

Why and when is Service Tax registration required?

What is service tax It is a tax payable on the services rendered by the service provider. It is a Union levy, with a selective approach, whereby it is applicable to selected categories of services and not all. The services are classified as negative list of services, declared services and exemptions accordingly. Who should pay

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GST – What and Why?

The Goods and Services Tax (GST) is a value added tax that will replace all indirect taxes levied on goods and services by the Government, both Central and States, once it is implemented. The GST is all set to consolidate all State economies. This will be one of the biggest taxation reforms that will take

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