The rate of tax to charge depends on the place of supply. … The current rates are: 5% (GST) in Alberta, British Columbia, Manitoba, Northwest Territories, Nunavut, Quebec, Saskatchewan, and Yukon. 13% (HST) in Ontario.

Also, What is the Service Tax number?

Service Tax Number is a unique 15 digit number which is allotted to the assessee at the time of filing an application for registration for Service Tax. Just like PAN Card No is required for payment and filing of Income Tax Returns, similarly service tax number is required for payment and filing of Service Tax Returns.

Hereof, What is the current rate of service tax in India in 2020?

The rate of Service Tax was 15% whereas the rate of GST is 18%. A lot of people are of the opinion that the effective cost of having a loan would increase as the rate of GST is 3% higher than the rate of Service Tax. Several people are of the opinion that their EMI’s would increase as the rate has been increased by 3%.

Also to know What is current rate of service tax in India? 2016 Union budget of India has proposed to impose a cess, called the Krishi Kalyan Cess, at 0.5% on all taxable services effective from 1 June 2016. The current service tax is at 15%.

What are the types of service tax?

There are Four GST types namely Integrated Goods and Services Tax (IGST), State Goods and Services Tax (SGST), Central Goods and Services Tax (CGST), and Union Territory Goods and Services Tax (UTGST).

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Every person who has provided a taxable service of value exceeding Rs. 9 lakhs, in the preceding financial year, is required to register with the Central Excise or Service Tax office having jurisdiction over the premises or office of such service provider.

What to do if service tax account is blocked? Go to the aces.gov.in and click on unblocked your account and mention the service tax code and answer the secret question. If forgot the secret question answer than make an declaration as mention in annexure A.


Revised Procedure for making e-payment


Types of GST

GST Council is an apex member committee to modify, reconcile or to procure any law or regulation based on the context of goods and services tax in India. The council is headed by the union finance minister Nirmala Sitharaman, who is assisted by finance ministers of all the states of India.


GST Council implements rate cuts leaving 35 goods in the highest tax bracket

In India GST rate for various goods and services is divided into four slabs: they are 5% GST, 12% GST,

18% GST

, & 28% GST.

Revision of GST Rates announced in the 37th GST Council Meeting.

According to Union government approved guidelines in 2017, service charge on hotel and restaurant bills are voluntary and not mandatory. … When he received his bill, he noticed he had been charged a 10% service charge, in addition to the goods and service tax (GST).

Service tax was levied on “provision of services” while GST will be levied on supply of services. … Krishna: Arjuna, in Service tax the rate is 15%, while in GST the rate of tax on services might be 12% or 18%. The rate of tax on Services will be defined according to the Service Accounting Code.

Although Service Tax is required to be paid only when the aggregate value of services provided exceeds Rs. 10 Lakhs in a financial year, the service tax provider is required to apply for Registration for Service Tax within 30 days of his turnover exceeding Rs. 9 Lakhs.

The provisions relating to Service Tax were brought into force with effect from July 1, 1994 vide chapter V of the Finance Act, 1994. It extends to the whole of India except the State of Jammu and Kashmir.

Computation of Service Tax on Under Construction Property

So Service Tax @ 15% on 25% of the Total Purchase price is levied on under Construction Property. In other words Service Tax @ 3.75% (25% of 15%) is levied on the total price paid for the purchase of an under construction property.

The single GST subsumed several taxes and levies, which included central excise duty, services tax, additional customs duty, surcharges, state-level value added tax and Octroi. … GST is levied on all transactions such as sale, transfer, purchase, barter, lease, or import of goods and/or services.

If the service taxes are paid online through internet banking, etc., the payments will be due on the 6th of every month and the 31st of March. If the service taxes are paid by any other means, the payments will be due on the 5th of every month and the 31st of March.

The SCN is barred by Limitation

The said section lays down a time limit of 30 months from the relevant date. The relevant date is separately provided under section 73(6) as the date when the return was due to be filed.


Custom duty can be paid online by following the steps given below:

GST calculation can be explained by simple illustration : If a goods or services is sold at Rs. 1,000 and the GST rate applicable is 18%, then the net price calculated will be = 1,000+ (1,000X(18/100)) = 1,000+180 = Rs. 1,180.

The full form of GST is Goods and Services Tax. … The Government of any country needs money for its functioning and taxes are a major source of revenue for a Government.

Being the Biggest tax reform in India, GST will allow the real GDP growth of the Indian economy to hit 6.75 per cent in this fiscal year with expectations of 7 to 7.5 per cent real GDP growth in 2018-19. SMEs and small taxpayers have benefitted from the GST system with a number of relaxations.