Transcript PROJECT ON SERVICE TAX

PROJECT ON
SERVICE TAX
SUBMITTED BY:
NAME:
ROLL NO:
REG.NO. :
SUBMITTED TO:
INDEX OF THE PROJECT:
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Definition
Advantages
Types of Forms
How to File ST Forms
Others Forms
General Forms
DEFINITION OF SERVICE TAX
 Service tax is a tax levied by the government on service providers on
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certain service transactions, but is actually borne by the customers.
It is categorized under Indirect Tax and came into existence under the Finance Act,
1994.
In this case, the service provider pays the tax and recovers it from the customer.
Service Tax was earlier levied on a specified list of services, but in the 2012 budget, its
scope was increased. Services provided by air-conditioned restaurants and short term
accommodation provided by hotels, inns, etc. were also included in the list of services
It is charged to the individual service providers on cash basis, and to companies on
accrual basis. This tax is payable only when the value of services provided in a
financial year is more than Rs 10 lakh. This tax is not applicable in the state of Jammu
& Kashmir.
Finance Minister while presenting the Budget 2015 has increased the Service Tax Rate
from 12.36% to flat 14%
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ADVANTAGES:
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A large taxpayer (single PAN-based entity) can file all his direct taxes,
excise and service tax returns at a single place, irrespective of the
geographical location of their units
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In a large scale, today government is earning a revenue which is utilized for
the sake of public.
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Every person who is participating in contribution of Service tax obtain a
Service tax registration number which is linked with the income tax PAN
number, which help to allocate the source of revenue.
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Today, Service tax methodology help to describe the real world of service
and managed to bifurcate the service into different segments.
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Forms of Service Tax
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Challan: GAR-7
- It stands for Government Account (Receipt and Payments)
- As per Rule 26 of the Central Government Account (Receipts and
Payments) Rules, 1983.
Instructions for filling up G.A.R-7 Challan Form
 Name, Address, 15 digit Assessee Code, Commissionerate Name and 8 digit Accounting code is mandatory.
 The Assessee Code, Commissionerate Code, Division Code and Range Code can be verified from the
website http://exciseandservicetax.nic.in
 The Accounting codes for Tax and Interest/Penalty for each service is provided in the table below. The total
amount tendered should tally with the sum total of amounts for each accounting code.
 The total amount tendered should be written both in words and figures.
 The details filled in the challan and ‘Taxpayer’s Counterfoil’ should be identical.
 The Receiving Bank Branch Stamp should contain the following:
i) BSR code of the receiving Bank Branch (7 digits)
ii) Date of Deposit of Challan (DDMMYYYY) (8 digits)
iii) Challan Serial Number (5 digits)
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ST-1 Form
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Application form for registration under Section 69 of the Finance Act, 1994
Procedures for Filing ST-1 Form:
For Filing Registration:
 Go to Link:
https://www.aces.gov.in/STASE/switch.do?prefix=/ui/jsp/common&page=/loginpa
ge.do
 Click on New user
 Fill the necessary columns which are mandatory
 Click on Submit button,
 The link will be send to your registered email.
 Go to your mail, click on the link and complete the remaining procedures
Documents Required:
 Copy of PAN Card of the assesse.
 Proof of address of the premises to be registered. Copy of Telephone bill/
Electricity bill/ Rent Agreement in the name of the Company/
Firm/Partner/proprietor
 Partnership deed (In case of Partnership Firm)
 Copy of memorandum of Association. (In case of Private Limited and Limited
company only)
 No registration fee is required to be paid.
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ST-2 Form
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Certificate of registration under Section 69 of The Finance Act, 1994 (32 of 1994)
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Form ST-3
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Return under Section 70 of the Finance Act, 1994 read with Rule 7 of Service Tax Rules, 1994
Form ST-3A
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Memorandum for provisional deposit under rule 6 of the Service Tax Rules, 1994
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How to fill the Return Electronically
There are two methods of filling the return electronically, namely:
1. Online filling of data in service tax return and then submit it.
2. Offline filling of data using excel utility and then upload it.
(1) Online Filing of data in Service Tax Return and Submit it
i. Login into ACES by entering the user-id and password. Home page of the assessee will appear;
ii. Under ‘RET’ Main menu, click on the ‘fill’ option of ‘fill ST-3′ sub-menu i.e. RET Menu Fill ST-3 Fill.
iii. A page will appear listing the Premises code and Address of the registered premises of the assesssee. Premises
code will appear as hyperlink. Click on the hyperlink to prepare the ST-3 Return;
iv. After filling the return correctly, Click on the ‘SAVE’ Button appearing on last page and confirmation page of ST-3
will appear;
v. To Amend, Click on the ‘Modify’ button or ‘Save’ to store the Return in the database;
vi. To submit the ST-3 Return to the department, press “SUBMIT” button. Confirmation will appear for successful
submission of ST-3 Return displaying the Unique No. for such Return;
vii. Return saved in ACES can be amended before submission by the assessee by clicking on the “Amend ST-3″ button
under “Fill ST-3″ sub-menu.
viii. In the same way, Return after submission can be revised once in 90 days by clicking on the “Revise ST-3″ option
of “Fill ST-3″ submenu.
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(2) Offline filling of data using excel utility and then upload it;
i. Click on the ‘Download’ button provided on the left side of ACES Homepage and
download excel utility by clicking
on the hyperlink “Download ST3 Return Excel
Utility”;
ii. Use the excel utility to prepare ST-3 return and click on “Validate & Submit” button on
the last page to generate
XML file;
iii. The XML file will be saved in the same folder where the download utility is saved by the user;
iv. To upload the ST-3 Return, login into ACES by entering the user-id and password. Click on “Upload File” option of
“e-filing” submenu under “RET” Main Menu;
i.e. RET Main Menu e-filing Upload file
v. Click the “Save” button to save the return in the database of the assessee; Else click on “SUBMIT” button to file the
return;
vi. Confirmation will appear for successful uploading of Return without any Unique No.;
vii. After uploading, click on “View Status” option of “e-filing” submenu under “RET” Menu to view status of Return. A
return will be considered as filed only when its status is shown
as ‘FILED’ which should be appeared on or before the
last due date of 25th April/25th
October, as the case may be, for treating the return ‘filed on time’.
(3) THE ASSESSEES CAN ALSO ‘VIEW’, ‘SAVE’ AND ‘PRINT’ THEIR FIELD ST-3 RETURN AT ANY TIME BY CLICKING ON THE
BUTTON ‘VIEW ST-3′ UNDER ‘RET’ MENU AFTER SUUCESSFUL LOGIN INTO ACES
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Other Major Forms are:
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ST-4 : Form of Appeal to the Commissioner of Central Excise (Appeals)
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ST-5 : Form of Appeal to Appellate Tribunal under sub-section (1) of section 86 of
the Finance Act, 1994
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ST-6 : Form of Memorandum of Cross-Objections to the Appellate Tribunal under
sub-section (4) of section 86 of Finance Act, 1994
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ST-7 : Form of Appeal to Appellate Tribunal under sub-section (2) of section 86 or
sub-section (2A) of section 86 of the Finance Act, 1994
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AAR(ST-1) : Application for Advance Ruling (Service Tax)
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ASTR-1 : Application for filing a claim of rebate of service tax and cess paid on
taxable services exported
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ASTR-2 : Application for filing a claim of rebate of duty paid on inputs, service tax
and cess paid on input services
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General Forms
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Form A : Application for refund of CENVAT credit under Rule 5 of the CENVAT
Credit Rules, 2004
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Form A1 : Declaration by the SEZ Unit or Developer for availing ab initio exemption
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Form A2 : Authorisation for procurement of services by a SEZ Unit/Developer
for authorised operations
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Form A3: Quarterly return to be furnished by the SEZ Unit/Developer furnishing the
details of services procured without payment of service tax
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Form A4: Application for claiming refund of service tax paid on specified services
used for authorised operations in SEZ
 Thank You 
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