Due date of service tax payment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 December 2012 who is applicable for service tax registration & what is the service tax payment due date and which basis service tax payment made.

Sanket

Sanket (Expert)
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30 December 2012 If the value of taxable services exceeds Rs. 9 Lacs, then registration with the Service Tax department is must.

Further Service Tax will be payable if the taxable services exceeds Rs. 10 Lacs.

Hence exemption limit has been given upto Rs. 10 Lacs

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K.M.CHANDRAN

K.M.CHANDRAN (Expert)
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31 December 2012 Every person irrespective of status is liable to pay service tax if providing any taxable service.
• Small Service Providers are exempted from service tax where value of taxable service
does not exceed Rs. 10 Lakhs in the previous financial year.
• Central Government can grant exemptions to certain services wholly or partly. Accordingly
certain exemptions are granted by issuing notifications.
DATES FOR PAYMENT OF TAX :
FOR COMPANIES: 5TH OF EVERY SUCCEEDING MONTH.HOWEVER, FOR SERVICE TAX OF MARCH THE DUE DATE IS 31 MARCH.
FOR ALL OTHER ASSESSEES THE DATES ARE AS FOLLOWS
SERVICE TAX OF SERVICES OF:
April to June . DUE DATE:5th July
July to September: DUE DATE: 5th October
October to December: DUE DATE- 5th January
January to March: DUE DATE IS 31st March
If e-Payment is done then effective due date will be 6th of the succeeding month/quarter.
Rate of interest for late payment 13% p.a.
Period of Interest: Number of days Between Actual Date of payment and Due Date

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