applicability of Service Tax

[satish kumar]

sir,

i want to now that how to Service Tax applicable and what is limit required to registration in Service Tax and its procedure.

 

AI Summary

Understanding Service Tax: Registration at Rs. 9 Lakhs, Tax Charged Above Rs. 10 Lakhs, Negative List from July 2012 A user inquired about the applicability and registration requirements for Service Tax. A respondent explained that the registration threshold is Rs. 9.00 lakhs, and the threshold for charging Service Tax is Rs. 10,00,000. Service Tax is applicable to services listed in the Finance Act, 1994, as amended. From July 1, 2012, Service Tax will be based on a Negative list, meaning services not on this list will be taxable. The user thanked the respondent for the prompt response.