Every person (includes Any individual, HUF, proprietary firm or partnership firm, company, institution, trust, society) who has provided a taxable service on receipt of service fees of value exceeding Rs. 9 lakhs in the preceding financial year, is required to register with the Central Excise or Service Tax office having jurisdiction over the premises or office of such person.
Any individual, HUF, proprietary firm or partnership firm, company, institution, trust, society who provides the taxable service on receipt of service fees is responsible for paying the Service Tax to the Government.
When a person started a business of providing a taxable service, he is required to register himself within 30 days of such commencement of business.
The Service Tax Code/Registration number is generated based on the PAN issued by the Income Tax Department to Person who want for registration under service tax. The PAN based Service Tax Code/Registration number is a must for payment of service tax using the G.A.R. 7 Form.
Registration is necessary to deposit service tax, file returns and undertake various processes ordained by law relating to service tax. Failure to obtain registration would attract penalty.
The Service Tax Registration certificate (ST-2) should be surrendered immediately to the Superintendent of Central Excise in case of cessation of business of providing taxable service.
Comment here