Each individual or business entity that is registered under Service Tax is required to deposit service tax collected on monthly basis and e-file two half yearly returns. Under this plan, our experts will guide on making the service tax payments and file returns within due time. Delay in return filing attracts interest and penalty. Stay ahead with AccBookz support.
Every assessee (individual or entity) who is registered and has been issued the Service Tax number is required to file Service Tax return on the ACES portal. The effective Service Tax rate from 1st June, 2016 is 15% with krishi kalyan cess. Even if there is no Service Tax liability, a NIL return is to be filed.