Service tax is an indirect tax levied on the services provided by the service providers in India. If you have a Service Tax Registration, you are required to file service tax registration twice a year, regardless of your turnover if it exceeds Rs 10 lacs.
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All business firms that are engaged in sales of goods and services; as soon as their annual turnover crosses 5 lacs (varies to 10 lacs from state to state) they should have a VAT registration; is often called as TIN registration.
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Profession Tax is a state-level tax that applies to salaried employees and professionals, including chartered accountants, lawyers and doctors.
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Service tax is an indirect tax levied on a wide array of services specified by the Central Government under the Finance Act, 1994.
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Value-added Tax (VAT) Registration, also erroneously known as TIN and CST Registration, is mandatory for any business entity engaged in the sale of goods in India and a turnover of over Rs. 5 lakh (although it may be higher in some states).
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