Compliance under Service tax
Service tax is the tax levied on service providers and service receivers by the government of India. The tax came into effect in India following the Finance act 1994. It is imposed on certain services which are taxable under section 65 of Finance act ’94, and is indirect in nature because the service providers pay the tax and recover it from the service receivers. The revised Budget in 2012 increased the range of services included under service tax to incorporate services such as service provided by AC restaurants, short and long term lodging offered by hotels and private guest houses.
Under service tax compliance we offer solutions for
• Service tax computation
• Service tax return filing, and
• Validation of inputs availed