The technology has made it easy to file various returns that one has to file following the rules. Considering the requirements of tax return filing, one can go for the Online filing of service tax with the help of the software as well as online data. The taxes are the right of the state as per the concept of the welfare state which can help it generate some revenue that is required to be spent behind various expenses and services.
Service tax is known as an indirect tax which is levied on the provided service. Service stand for any kind of activity, which is carried by a person for another person. Section 70 (1) of Finance Act, 1994 has said that every person is accountable to pay service tax and himself calculate the service tax on the services provided by him. Although, the section of this act also requires the evaluation of the furniture return to the administrator of central excise in the arranged form. The service tax is charged on the overall cost of the service. Service tax was first introduced on 1st July 1994.
As the world progress, now any businessman can do online filing of service tax return from the home. There are some certain procedures one has to follow before paying the service tax. For example, a person has to fill up all the data in service tax return and have to submit it which includes registration number and address of the registered unit, etc. It can be online or Offline both. For the Online process, you have to visit government’s official website regarding central board of excise and custom and fill out the form. For the offline procedure, you have to use the excel efficacy and fill out the form and upload it.
GST tax India
The Indian government has introduced GST in March 2017. The GST law passes the parliament and came into the act from 1st July 2017. GST tax India has erased the indirect taxes like sales tax and service tax on the variety of goods. The goal is to simplify the tax management and system throughout India. One country one tax. After GST came into existence, accounting Software Company has started to build software of accounting with GST in it.
Means users now can calculate the GST in the software along with other financial related services like inventory, invoice, payroll, balance sheet, etc. No matter if it’s a businessman, consumer, salesman, everyone have to pay GST with goods they sold and every product they buy. There are many forms for GST return; a person should do GST return filing within given time by paying the due taxes. There are varieties of forms in GST like GSTR-1, GSTR-2, GSTR-10, and GSTR-11, etc. each one of these forms contains different and specific period to pay the due tax. If you don’t pay the GST on the due date, there can be a penalty against your GST number. Hence one needs to file the return as per the provision of the law.
