Service tax rules state that even though the service provider has to pay tax to the government, it is the receiver of the service that actually pays the tax. Currently, it stands at 15%. There is a whole list of rules and regulations for service tax.
Note: Service Tax has been replaced by the Goods and Services Tax (GST) starting 1 July 2017.
Service tax is a tax levied by the government on the services rendered by service providers which is borne by customers who receive this service and it comes under indirect tax category.
The service provider has to pay the government the service tax, but the service recipient is the one who actually pays for it. Service tax came into existence in 1994. The rate of service tax charged right now is 15%. Service tax comes with its own rules and regulations. Given below is a detailed explanation about service tax rules.
Listed below are the set of service tax rules set by the government for the purpose of the assessment and collection of service tax. There are 9 rules excluding two sub rules.
Given below is a brief description of each service tax rule set by the government.
Service tax payment rules are defined under Rule 6 of service tax.
Listed below are some of the important rules under the category:
Listed below are some of the important rules under the category of service tax registration:
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