Get to Know More about Service Tax Payments

The idea of paying taxes is not something that excites us. However, this is something that we need to do. Regardless of what a great inconvenience paying taxes is, it is our duty as citizens of this country to pay whatever we owe to the government as taxes. If you fail to pay the amount you are supposed to pay as service tax, you would have to face serious legal consequences. Those, who fail to make their service tax payment, may have to pay fine. In fact some of the biggest tax scandals also lead to jail time. 

Who should pay service tax?

You are liable to pay service tax if you provide any of the specified taxable services. You should know that service tax is an indirect tax. That is why the burden of this type of taxes has to be borne by the one who receives such services. However, it is the responsibility of the service provider to file the taxes to the appropriate government authorities.

Taxes can be complicated. When filing taxes, you need to make sure you are fully informed about what you are doing. You need to follow the right procedure. That is why you must gather as much knowledge as you can about tax payments.