<Li> Ever provider of taxable service whose aggregate value of taxable service exceeds 9 lakhs in a financial year . </Li> <P> Every person mentioned above will have to get themselves registered under the service tax law within 30 days from the date of commencement of such service or business . </P> <P> Whereas in case of service provider whose aggregate value of taxable service not exceeded 9 lakhs in a financial year not need to obtain registration, where in case he has obtained registration he is liable to payment of service tax only if the value of taxable services exceeds 10 lakhs rupees. (2) </P> <P> Rule 4A prescribes that taxable services shall be provided and input credit shall be distributed only on the basis of a bill, invoice or challan . Such bill, invoice or challan will also include documents used by service providers of banking services (such as pay - in - slip, debit credit advice etc .) and consignment note issued by goods transport agencies . Rule 4B provides for issuance of a consignment note to a customer by the service provider in respect of goods transport booking services . </P>

Discuss the basics of service tax in india