by Audit Analyst | Jan 7, 2026 | Service Tax
Legal Interpretation of Royalty and License Fee Royalty refers to the payment made for the use of intellectual property, patents, trademarks, or technology. License fee is charged for granting rights to use certain assets, services, or property without transferring...
by Audit Analyst | Jan 7, 2026 | Service Tax
Assistance in Filing Returns and Registrations Indirect tax practitioners assisted businesses in filing returns under service tax, excise, and VAT. They helped in registering entities under applicable tax laws and maintaining compliance. Their services ensured...
by Audit Analyst | Jan 7, 2026 | Service Tax
Purpose of the Service Tax Ledger The service tax ledger served as an official financial record of tax-related transactions. It documented the service tax payable, paid, and credit utilized by the assessee. It helped maintain clarity and accuracy in tax calculations...
by Audit Analyst | Jan 7, 2026 | Service Tax
Modes of Service Tax Payment Service tax could be paid through internet banking, NEFT, or challan at designated banks. Online payment was encouraged by the Central Board of Excise and Customs. Payment was made using GAR-7 challans in physical mode or through the NSDL...
by Audit Analyst | Jan 7, 2026 | Service Tax
Accessing the Centralized Portal The primary platform for service tax payment tracking was the ACES (Automation of Central Excise and Service Tax) portal. Registered users could log in using their Service Tax or Central Excise registration credentials. The portal...
