Rate of Tax
The Rate of Service Tax on all the services under the Service Tax acts is 5%.
Taxable Person/Licensing
Any Taxable person, who carries on business of providing taxable service and on crossing the threshold limit if any, must apply for a license. The term “person” includes an individual, a firm, a society, an association, a company and every other juridical person. No fee is payable for the issuance of a license.
A complete list of Taxable Services is as follows:
Department Code |
|
601 |
Supplying MMT inside Hotel |
602 |
Supplying MMT outside Hotel |
603 |
Supplying room to stay / sleep |
604 |
Corkage, towel charge & cover charge services |
605 |
Supplying room for Meeting / Cultural performances / Fashion Shows |
606 |
Health Service |
607 |
Massage Service |
608 |
Supplying Escort to Social and Couple Dance |
609 |
Sport and Recreation/Picnic Service |
610 |
Preparation of Insurance Policy |
611 |
Telecommunication Service |
612 |
Credit Card Service |
613 |
Customs clearance of Goods/Commodity Services |
614 |
Supplying automobile parking space |
615 |
Speed Courier/Shipment Service |
616 |
Transport Service |
617 |
Security / Guard Service |
618 |
Professional Services |
619 |
Accounting Services |
620 |
Juridical / Legislative Services |
621 |
Engineering Professional Services |
622 |
Architectural Services |
623 |
Surveyor / Assessor / Valuator / Real Estate Agent Service |
624 |
Consulting Services |
625 |
Veterinary Services |
626 |
Automobile lease/rental Services |
627 |
Administrative services |
628 |
Advertising Services |
629 |
Golf game services |
630 |
Corporate Protection and Security |
631 - 644 |
Reserved |
645 |
Tax on service apart from those stated above |
646 |
Outdoor gathering / event services |
Assessable value
Service Tax is calculated on Assessable Value. The Assessable Value is the difference of the Total Service charge and Expenses.
Expenses
Expenses include those which incur while providing services i.e. postage, conveyance etc.