by Audit Analyst | Jan 6, 2026 | Service Tax
Verification by the Tax Department Yes, service tax returns were subject to verification by the department. The verification ensured that the correct tax was paid and returns were accurately filed. It was part of routine compliance monitoring under the Finance Act,...
by Audit Analyst | Jan 6, 2026 | Service Tax
Mandatory Invoice Fields Name, address, and registration number of the service provider. Name and address of the service recipient, if available. Invoice number and date of issue in serial and chronological order. Description of taxable service provided. Service tax...
by Audit Analyst | Jan 6, 2026 | Service Tax
Definition and Scope of Exemption Small service providers were granted exemption from service tax under a specific scheme. The exemption was notified through Notification No. 33/2012-ST, and earlier notifications. It applied to those whose aggregate value of taxable...
by Audit Analyst | Jan 6, 2026 | Service Tax
Exemption Based on Turnover Yes, a threshold limit was prescribed for exemption from service tax. Service providers were exempt from payment if their total taxable service turnover did not exceed ₹10 lakhs in a financial year. The exemption was available under the...
by Audit Analyst | Jan 6, 2026 | Service Tax
Mandatory Registration Requirement Professionals providing taxable services were required to register under service tax. Registration became mandatory once the aggregate value of services exceeded ₹9 lakhs in a financial year. It applied to individuals, firms, LLPs,...
