Requirement for registration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 November 2014
I am a service provider in Jaipur. I am providing services to bank in respect of recovery of vehicles from the defaulters. now i am in a thought to form a new firm for the same business. should i get registered myself for service tax before commencing this new business. and what all compliance are to be followed in respect of this service. please assist me.
27 November 2014
service tax reg shall be required only when from new firm ur income exceeds rs 9 lkahs...so dont worry go ahead
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 November 2014
ok thanks sir.
and is there any special provisions for this particular service in service tax act in respect of rate of service tax, date of filling service tax returns and date of payment of service tax.
and is there any special provisions for this particular service in service tax act in respect of rate of service tax, date of filling service tax returns and date of payment of service tax.
27 November 2014
there are many such speacial services and their treatment and all are different.
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 November 2014
Will you please provide me the link to get all the information about my service.
21 July 2025
Certainly! Here's a comprehensive guide tailored to your situation as a service provider in Jaipur, offering vehicle recovery services to banks. This guide covers the requirements for registration, applicable tax rates, compliance obligations, and resources to assist you.
📌 Registration Requirements
Service Tax Registration (Pre-GST Era)
Prior to the implementation of GST, service providers were required to register for Service Tax if their aggregate annual turnover exceeded ₹9 lakh. Failure to register could result in penalties up to ₹10,000 or ₹200 per day, whichever was higher.
IndiaFilings
+1
The Economic Times
+1
Tax Reply
+1
Rajput Jain & Associates
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GST Registration (Post-GST Implementation)
With the introduction of GST, Service Tax was subsumed under the Goods and Services Tax. As a service provider in Rajasthan, you are required to obtain GST registration if your aggregate annual turnover exceeds ₹20 lakh. For special category states, the threshold is ₹10 lakh.
IndiaFilings
TaxAj Support
+1
IndiaFilings
+1
Even if your turnover is below the threshold, you may voluntarily opt for GST registration. This can be beneficial if you wish to avail input tax credit or if your clients require you to be GST-compliant.
🧾 Applicable Tax Rates
The applicable GST rates for services are as follows:
Standard Rate: 18%
Reduced Rates: 5%, 12%, 28% (depending on the nature of the service)
For your specific service of vehicle recovery, the applicable rate would typically be 18%. However, it's advisable to consult the GST Council's notifications or a tax professional to confirm the exact rate.
📅 Compliance Obligations
GST Returns
As a GST-registered service provider, you are required to file GST returns:
GSTR-1: Details of outward supplies (sales)
GSTR-3B: Monthly summary of inward and outward supplies
GSTR-9: Annual return
The due dates for filing these returns vary. For instance, GSTR-1 is typically due on the 11th of the following month, and GSTR-3B is due on the 20th. It's crucial to adhere to these deadlines to avoid penalties.
GST Payments
GST payments should be made monthly, and the payment is due by the 20th of the subsequent month. Late payments attract interest and penalties.
🗂️ Required Documentation for GST Registration
To apply for GST registration, you'll need to provide the following documents:
PAN Card: Self-certified copy
Proof of Business Address: Electricity bill, lease agreement, or rent agreement
Identity and Address Proof: Aadhaar card, passport, or voter ID
Bank Account Statement: First page of the bank statement or passbook
Business Constitution Proof: Partnership deed, incorporation certificate, or memorandum of association (MOA)
taxbizsolution.com
+1
Wikipedia
+1
These documents can be submitted online through the GST portal.
🔗 Resources and Assistance
For detailed information and assistance, you can refer to the following resources:
GST Portal: https://www.gst.gov.in
IndiaFilings - GST Registration for Service Providers: https://www.indiafilings.com/learn/gst-registration-for-service-providers/
TaxAJ - GST Compliance for Service Providers: https://support.taxaj.com/portal/en/kb/articles/gst-compliance-for-service-providers-in-india
These platforms provide step-by-step guides, FAQs, and support services to help you navigate the GST registration and compliance process.
📌 Registration Requirements
Service Tax Registration (Pre-GST Era)
Prior to the implementation of GST, service providers were required to register for Service Tax if their aggregate annual turnover exceeded ₹9 lakh. Failure to register could result in penalties up to ₹10,000 or ₹200 per day, whichever was higher.
IndiaFilings
+1
The Economic Times
+1
Tax Reply
+1
Rajput Jain & Associates
+1
GST Registration (Post-GST Implementation)
With the introduction of GST, Service Tax was subsumed under the Goods and Services Tax. As a service provider in Rajasthan, you are required to obtain GST registration if your aggregate annual turnover exceeds ₹20 lakh. For special category states, the threshold is ₹10 lakh.
IndiaFilings
TaxAj Support
+1
IndiaFilings
+1
Even if your turnover is below the threshold, you may voluntarily opt for GST registration. This can be beneficial if you wish to avail input tax credit or if your clients require you to be GST-compliant.
🧾 Applicable Tax Rates
The applicable GST rates for services are as follows:
Standard Rate: 18%
Reduced Rates: 5%, 12%, 28% (depending on the nature of the service)
For your specific service of vehicle recovery, the applicable rate would typically be 18%. However, it's advisable to consult the GST Council's notifications or a tax professional to confirm the exact rate.
📅 Compliance Obligations
GST Returns
As a GST-registered service provider, you are required to file GST returns:
GSTR-1: Details of outward supplies (sales)
GSTR-3B: Monthly summary of inward and outward supplies
GSTR-9: Annual return
The due dates for filing these returns vary. For instance, GSTR-1 is typically due on the 11th of the following month, and GSTR-3B is due on the 20th. It's crucial to adhere to these deadlines to avoid penalties.
GST Payments
GST payments should be made monthly, and the payment is due by the 20th of the subsequent month. Late payments attract interest and penalties.
🗂️ Required Documentation for GST Registration
To apply for GST registration, you'll need to provide the following documents:
PAN Card: Self-certified copy
Proof of Business Address: Electricity bill, lease agreement, or rent agreement
Identity and Address Proof: Aadhaar card, passport, or voter ID
Bank Account Statement: First page of the bank statement or passbook
Business Constitution Proof: Partnership deed, incorporation certificate, or memorandum of association (MOA)
taxbizsolution.com
+1
Wikipedia
+1
These documents can be submitted online through the GST portal.
🔗 Resources and Assistance
For detailed information and assistance, you can refer to the following resources:
GST Portal: https://www.gst.gov.in
IndiaFilings - GST Registration for Service Providers: https://www.indiafilings.com/learn/gst-registration-for-service-providers/
TaxAJ - GST Compliance for Service Providers: https://support.taxaj.com/portal/en/kb/articles/gst-compliance-for-service-providers-in-india
These platforms provide step-by-step guides, FAQs, and support services to help you navigate the GST registration and compliance process.
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