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How to Pay Service Tax Online

Steps for Online Payment of Service Tax:

 1. Log on to “www.aces.gov.in”.

2. Select “E-PAYAMENT” option.

3. Select “Please click here”.

4. Enter “Assessee Code” (i.e. Your Service Tax Registration Number) and also Enter the “Image Verification” displayed then it will automatically display the registration details and please verify whether the same are correct.

5. Then click on “Select Accounting Codes for Service Tax” a list of service with codes will be displayed in that please select the Service for which you want to pay the Service Tax and also select the “PRIMARY EDUCATION CESS” and “SECONDARY AND HIGHER EDUCATION CESS” and then click on the “Submit Button” available at the down.

6.Then select your Bank from the drop down menu given opposite to Select Bank Name and click on “Proceed” and then Click on “Submit to the Bank”.

7. It will take you to your bank website and from there provide your bank User Name & Pass Word and enter the Service Tax and Primary Education Cess and Secoundary and Higher Education Cess to be paid in amount columns and authorise the transaction and after successful payment please download the payment challan.

 

Due Date for Payment of Service Tax

Due dates for payment of Service Tax has been summarised below for your ready reference

Status of the Assessee Frequency

Due Date

 

Deposited electronically through internet banking In any other mode
Individual or Proprietary Firm or Partnership Firm Quarterly 6th day of the month immediately following the quarter in which service is deemed to be provided 5th day of the month immediately following the quarter in which service is deemed to be provided
Others (Companies, Trusts, Etc.) Monthly 6th day of the month immediately following the calendar month in which service is deemed to be provided 5th day of the month immediately following the calendar month in which service is deemed to be provided

 Note: Service Tax on the service deemed to be provided in the month of March, or the quarter ending in March, as the case may be, shall be paid to the credit of the Central Government by the 31st day of March of the calendar year.

 

Income Tax TDS Rates for the Financial Year-2012-13

Please click the following link for Income Tax TDS Rates applicable for the FY-2012-13

https://www.tdscpc.gov.in/en/tds-2012-2013.html

Income Tax Calculator

Please click the following link for Income Tax Calculator

http://law.incometaxindia.gov.in/DIT/Xtras/taxcalc.aspx

 

PAN Number is Mandatory for obtaining almost all business registrations

PAN (Permanent Account Number) is Mandatory for obtaining almost all business registrations.

1. Registration under Service Tax: One can able to obtain Service Tax Registration only if the applicant possess a PAN Card in his name (if the applicant is individual and applying for a proprietorship firm) or its name (if the applicant is HUF/Partnership Firm/ Company/ Etc., and applying for registration in its name) as the Service Tax Registration Number is now PAN based number and its prerequisite is PAN.

2. Registration under the Karnataka Value Added Tax Act, 2003: Now it is Mandatory to submit PAN (Permanent Account Number) for obtaining registration under the Karnataka Value Added Tax Act, 2003 as per Circular No.17/2012-13, dated: 03-11-2012 of the Commissioner of Commercial Taxes, Karnataka.

For more details please click on the following link

http://ctax.kar.nic.in/latestupdates/Circular167.pdf

3. Other Registrations: And also for obtaining registrations like IEC (Importer Exporter Code), Professional Tax, Central Excise, Etc., one shall submit the PAN.

Obtain your PAN NOW as it is Mandatory for most of the registrations.

To download PAN Application Form please click on the following link

http://law.incometaxindia.gov.in/DITTaxmann/IncomeTaxRules/pdf/Form49aE.pdf

Service Tax Exemption for Small Service Providers under The Service Tax Act

A Service Provider whose aggregate value of all taxable services provided from one or more premises does not exceed Rupees Ten Lakhs in the preceding financial year then he/it will be exempted from the whole of the service tax leviable thereon under section 66B of the said Finance Act as per Notification No.33/2012-S.T., dated: 20-06-2012.

For more details please click on the following link

http://www.servicetax.gov.in/st-notfns-home.htm

VAT Exemption for Small Traders under the Karnataka Value Added Tax Act

A dealer whose taxable turnover does not exceed Five Lakh rupees in a year has an option to register his business or to continue as Un-Registered Dealer till he exceeds the said taxable turnover limit.

For more details see Section 22 of the Karnataka Value Added Tax Act, 2003.

For details please click on the following link

http://ctax.kar.nic.in/acts/kvat/KVAT%20ACT2011-12.pdf