SERVICE TAX REGISTRATION
What is Service Tax? Section 66B of The Finance Act 1994 defines Service Tax and its chargeability. It is a tax levied by Central Government of India on services provided or to be provided excluding services covered under negative list. The rate of service tax for the services provided before 1st June 2015 was 12.36% including education cess and higher secondary education cess. But after 1st June 2015 the same has been revised to 14% flat vide notification no. 14/2015. The education cess has now been subsumed in the rate of Service Tax i.e. 14%. Registration Requirement Every provider of taxable service whose aggregate value of taxable service in a financial year exceeds Rs 9,00,000 is required to obtain registration under the Service Tax Laws. Also, an input service distributor and every person liable to pay service tax (including recipient of service under Reverse Charge Mechanism) are mandatorily required to obtain service tax registration. Regist