Terminology - Business:
Registration for service tax..!
From CIEL
A person who provides a taxable service is
required to mandatorily apply for service tax registration if the value of the
services provided by him in a particular financial year exceeds a threshold
(Now Rs. 10 lakh per annum).
The service tax rules allows online application
for registration and payment of service tax known as
ACES.
ACES is also an online portal for central excise
and service tax.
The first step..!
First one has to register for ACES by selecting
the appropriate link from the ACES portal- http:www.aces.gov.in.
On filling the required details, such as user
name and contact, an ACES account is created.
A password is sent to the applicant's e- mail id.
This password has to be changed on the first
login to the ACES website.
Form ST-1
The applicant now has to fill up Form ST-1 under
the REG tab for service tax registration. The application form requires details
such as name, address, PAN and details of the service provided by the
applicant.
Details with respect to commissionerate, division
and range can be ascertained and filled up by the applicant by checking the
following link:
Process..!
On submission of details, an acknowledgement is
generated.
This slip along with Form ST-1 will have to be
submitted at the commissionerate office selected at the time of registration.
Supporting documents such as PAN copy can be submitted.
Certificate..!
A registration certificate is issued after a
verification of the applicant's details by the Range Superintendent.
A registration certificate is then sent by email
or physical form as per the choice of the applicant.
Points to note..!
If value of services provided in a financial year
by a service provider is less than the threshold, he has the option to register
for service tax, though it is not compulsory.
An applicant providing more than one service at
different locations has to register only once.
Courtesy: Centre for Investment Education and
Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and
Labdhi Mehta.
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