DUE DATES & INTEREST

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rajesh (Querist)
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26 October 2009 DEAR ALL

PLEASE TELL WHAT IS THE DUE DATES OF INDIVIDUALS, FIRMS, HUF, COMPANIES SEPARATELY AND HOW MUCH INTEREST FOR DELAY PAYMENT OF SERVICE TAX

THANKS IN ADVANCE

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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26 October 2009 In case of service tax payment through bank:-
For individuals, proprietary firms & partnership forms:-
For qtr ended 30th june, due date is 5th july
For qtr ended 30th sept, due date is 5th oct
For qtr ended 31st dec, due date is 5th jan
For qtr ended 31st mar, due date is 31st mar

For others ie., companies, societies, trusts etc
servicr tax should be paid by 5th of the month immediately following the month in which payments are received towards the value of taxable services. However, in case of march, the payment should be made before 31st march.

In case of delay in remittance of service tax simple interest @ 13 % per annum should be paid calculated for the number of days delay.