2013-11-14 00:00:00Money & FinanceEnglishhttps://quickbooks.intuit.com/in/resources/in_qrc/uploads/2017/05/tax.jpghttps://quickbooks.intuit.com/in/resources/money-finance/how-to-pay-service-tax-online/How To Pay Service Tax Online

How To Pay Service Tax Online

1 min read

What is Service Tax? The Economic Times defines Service Tax as “A tax levied by the government on service providers on certain service transactions, but it is actually borne by the customers.” It is categorized under Indirect Tax and came into existence under the Finance Act, 1994. How to pay it online Increasingly, the Indian Government has created online payment systems that allow you to make your tax payments online. For Service Tax, the government allows e-payments from certain bank, click here to know what banks are authorized. If you bank with an authorized bank, here are the steps you need to follow to file your service tax online: Step 1 Click on the payment link Enter your Service Tax registration number Step 2 Select the Service Tax option- a drop down menu will appear asking for your name, name of premises, address, Commissionerate Name and Code, Division Name and Code and Range Name and Code. Step 3 After filing in the details, Select Accounting Codes for Service Tax and choose the one applicable to be from the menu that opens. Select the Education Cess if applicable. Step 4 Select your Bank and click on “Proceed” This will lead you to your online bank account where you will be instructed to enter details of the amount required to be paid as service tax. Once the amount is paid, a challan will be generated as proof of payment. You will need to show this challan when you file your Service Tax Returns , which is done on a half yearly basis.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

Related Articles

3 Steps to Take if You Miss the Tax Deadline

As a small business owner, here are three steps you can take…

Read more

GST or Goods and Services Tax Introduction

GST CONCEPTS Goods and Service Tax (GST) is a destination based tax…

Read more

GST Impact on E-commerce Sellers

India’s new GST system is designed to make taxes easier, especially for…

Read more