Service Tax Consultants Central Excise and Customs Services

Service Tax Consultants Bangalore

Call Us : 9845507403 / 7829560007 , +080-42042945/46

Email us : [email protected]

We are well qualified to handle the requirements of our customers, in terms of their requirements related to service tax, central excise and customs duty. Our customers from the services, IT and manufacturing sector would find our services in this area, extremely useful.  We are a well-known service tax consultant in Bangalore, catering to the needs of some highly reputed companies. We can handle all issues related to service tax, central excise and customs, on a completely outsourced model. Many of our customers have been able to save significant amounts, arising out of a better understanding of the service tax related issues.  We are also well known central excise consultants in Bangalore, apart from being customs consultants in Bangalore.

Some of the services that we offer, in this area are :

  • availment of cenvat credit in respect of input services, inputs and capital goods
  • ascertainment of the monthly service tax liability and filing of the ST-3 returns
  • maintenance of the cenvat credit registers
  • applicability of the Point of Taxation Rules, 2011 and the Place of Provision of Services Rules, 2012
  • documentation support for service tax matters
  • handling of issues related to service tax audit, central excise audit and customs audit
  • handling of issues related to anti-evasion, enforcement, preventive, DGCEI, etc.
  • filing of refund claims and obtaining service tax refunds from the Department
  • responding to queries and show cause notices from the Service Tax and other Departments
  • appearing before the Adjudication Authorities and handling the adjudication proceedings
  • drafting of and filing of appeals and handling hearings and other matters before the Appellate Authorities including the CESTAT
  • advisory services in terms of service tax, central excise and customs
  • handling issues related to central excise matters including issues related to classification, filing of returns, etc.
  • handling issues related to customs levies
  • handling refunds of Special Auxiliary Duties (‘SAD’)
  • moving to Special Economic Zone (‘SEZ’)
  • handling issues related to Special Valuation Bench (‘SVB’) matters.

We have a team of Advocates and CAs, who are well equipped to handle our clients’ requirements related to filing of service tax refunds, filing of service tax appeals, handling service tax appeals, handing show cause notices, filing of service tax returns, filing of ST-3 returns, handling service tax assessments and all other issues related to service tax.

FAQs on Service Tax Consultants – 1st August 2023

1. What is Service Tax?

Service Tax is a form of indirect tax levied by the government of India on certain specified services. It is applicable to service providers and is collected by the government for providing various services to the public.

2. What are the services covered under Service Tax?

Service Tax covers a wide range of services, including consulting, advertising, banking, insurance, telecommunications, transportation, construction, and many others. The complete list of services is specified in the Service Tax Act.

3. How is Service Tax calculated?

Service Tax is calculated as a percentage of the service value provided. As of my last update in September 2021, the rate of Service Tax was 18%. However, please verify the current rate as it may have changed since then.

4. Are there any exemptions from Service Tax?

Yes, certain services are exempted from Service Tax, such as services provided by governmental or local authorities, small service providers under a specified threshold, certain educational services, and healthcare services.

5. What are the registration requirements for Service Tax?

Businesses providing taxable services with an annual turnover exceeding a specified threshold (as per the prevailing rules) must register for Service Tax with the tax authorities.

6. Can Service Tax be paid online?

Yes, Service Tax can be paid online through the government’s authorized portal for tax payments. Online payment methods make the process more convenient and efficient for taxpayers.

7. What is the process for filing Service Tax returns?

Service providers are required to file Service Tax returns periodically (usually quarterly) and report the details of taxable services provided and the amount of tax collected. Returns can be filed online through the government’s designated portal.

8. How can a service provider claim input tax credit under Service Tax? Service providers can claim input tax credit for Service Tax paid on input services used in the course of providing taxable services. This credit can be adjusted against the output tax liability.

9. What happens if Service Tax is not paid or filed on time?

Failure to pay Service Tax or file returns on time may attract penalties and interest. Non-compliance with tax laws can lead to legal consequences, including prosecution.

10. Can a service provider get a refund of excess Service Tax paid?

Yes, if a service provider has paid excess Service Tax, either due to an error or a genuine reason, they can claim a refund by following the prescribed procedure and providing the necessary supporting documents.

Here are five frequently asked questions (FAQs) and their corresponding answers for Service Tax Consultants in Bangalore:

What services do Service Tax Consultants in Bangalore provide? Service Tax Consultants in Bangalore offer a range of services related to Service Tax compliance. They assist businesses in understanding their Service Tax obligations, registration, filing returns, claiming input tax credit, handling audits, and providing expert advice on various Service Tax matters.

2. How can a Service Tax Consultant help in reducing tax liabilities? Service Tax Consultants are well-versed with tax laws and regulations. They can analyze a business’s operations, identify eligible exemptions and deductions, and advise on strategies to optimize tax planning. By taking advantage of legitimate tax-saving opportunities, businesses can reduce their Service Tax liabilities.

3. Is it necessary for small businesses to hire a Service Tax Consultant? Even small businesses can benefit from the expertise of a Service Tax Consultant. Compliance with tax laws is essential for all businesses, regardless of their size. A consultant can ensure that small businesses meet their tax obligations correctly, avoid penalties, and stay up-to-date with any changes in tax regulations.

4. How can I choose the right Service Tax Consultant in Bangalore? When selecting a Service Tax Consultant, consider factors such as their experience, reputation, and expertise in dealing with Service Tax matters. Check for references, reviews, and credentials to ensure you are partnering with a reliable and knowledgeable consultant.

5. Can a Service Tax Consultant also handle other tax-related matters? Yes, many Service Tax Consultants in Bangalore provide comprehensive tax services. They may handle other indirect taxes like Goods and Services Tax (GST) or assist with direct taxes like Income Tax. Engaging a consultant who can address multiple tax aspects can lead to more streamlined and efficient tax management for your business.

Remember that tax laws and regulations are subject to change, so it’s essential to work with a consultant who stays updated with the latest developments in tax policies and can provide accurate and timely advice.

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