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Does service tax apply to me?

Does service tax apply to me?

  • When revenue is Rs. 10 lakhs or less: If the total Revenue you earn from freelancing work is Rs 10lakhs or less, Service Tax rules do not apply. You will be exempt from collecting and paying service tax on your services. Here Revenue means your total receipts from your clients. Note that Revenue has a different meaning from Income, Income would be your revenue net of expenses.

 

  • Export of Services: Service Tax is not applicable on services which are exported. Whether a particular service falls under the definition of ‘export of services’ will depend upon what is considered as the place of provision of services – simply, are these services considered as provided outside India or are these services considered as provided in India. There are tax rules that define when services are considered as provided in India or outside India. When this is an export of services and certain conditions are met – service tax may not be applicable. Unsure whether your service considered as an export – reach out to us and we shall help you!
  • How to make service tax payments?

    Service tax payments can be done online. Doing these payments online is mandatory if your payments exceed Rs. 11 lakh in a year. Service tax has to be deposited with the government either quarterly or monthly based on whether you are an individual/company/partnership. Interest may also become payable for any delays in depositing service tax with the government.

    Service Tax Returns have to be filed twice a year in Form ST-3 or ST-3A as applicable. Once you obtain a Service Tax Registration number, return filing is compulsory for you.

Does service tax apply to me?

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