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Service tax - Tax rates and Timing

Q: When is the service tax chargeable due if payment is received within 12 months from the date of invoice?

Service tax is due when payment is received for the taxable services rendered if payment is received within 12 months from the date of invoice .

Q: How is the value of taxable service determined for a sale to a person not connected with the taxable person?

For a sale to a person not connected with the taxable person , the value of the taxable service is the actual selling price .

Q: What happens if payment is not received within 12 months from the date of invoice?

Service Tax shall be due on the day after that period of 12 months.

Q: When is service tax due for imported taxable service?

Service tax is due at the time when the payment is made or invoice is received , whichever is the earlier

Q: How is the value of taxable service determined for a sale to a person connected with the taxable person?

For a sale to a person connected with the taxable person , the value is the selling price charged in the ordinary course of business

Q: How is service tax declared and paid by a registered person on imported taxable service?

Include imported taxable service in the bi-monthly SST return (SST01), due not later than the last day of the month following the end of the taxable period.

9 important questions on Service tax - Tax rates and Timing

When is the service tax chargeable due if payment is received within 12 months from the date of invoice?

Service tax is due when payment is received for the taxable services rendered if payment is received within 12 months from the date of invoice.

How is the value of taxable service determined for a sale to a person not connected with the taxable person?

For a sale to a person not connected with the taxable person, the value of the taxable service is the actual selling price.

What happens if payment is not received within 12 months from the date of invoice?

Service Tax shall be due on the day after that period of 12 months.

When is service tax due for imported taxable service?

Service tax is due at the time when the payment is made or invoice is received, whichever is the earlier

What is the service tax rate for food & beverage services, telecommunication services, parking services, and logistics services?(PLOT)

The service tax rate is 6%

How is the value of taxable service determined for a sale to a person connected with the taxable person?

For a sale to a person connected with the taxable person, the value is the selling price charged in the ordinary course of business

How is service tax declared and paid by a registered person on imported taxable service?

Include imported taxable service in the bi-monthly SST return (SST01), due not later than the last day of the month following the end of the taxable period.

How is the value of taxable service determined for free goods/services?

Where goods/services are provided for free, the value is the selling price charged in the ordinary course of business

How is service tax declared and paid by a non-registered person on imported taxable service?

The SST Return (SST-02A) is filed only for the month when there is an acquisition of imported taxable service, due at the end of the following month.

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Service tax - Tax rates and Timing

9 important questions on Service tax - Tax rates and Timing

When is the service tax chargeable due if payment is received within 12 months from the date of invoice?

How is the value of taxable service determined for a sale to a person not connected with the taxable person?

What happens if payment is not received within 12 months from the date of invoice?

When is service tax due for imported taxable service?

What is the service tax rate for food & beverage services, telecommunication services, parking services, and logistics services?(PLOT)

How is the value of taxable service determined for a sale to a person connected with the taxable person?

How is service tax declared and paid by a registered person on imported taxable service?

How is the value of taxable service determined for free goods/services?

How is service tax declared and paid by a non-registered person on imported taxable service?

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