Payament of service tax

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Sonal Chavda (Querist)
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02 September 2014 hello..
Plz reply me..its urgent..

My Brother having service tax registration no., and he raised a bill of Rs 5 lakhs and 61800 Rs (12.36%) service tax showed separately in bill dated 31/7/2014.

Now my question is What is the maximum time limit for payament of service tax to the department???

Means whithin what time should he pay servicetax???

PLz reply fast..

thank u in advance..

sushil kumar

sushil kumar (Expert)
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02 September 2014 Dear,
In case of individual/Partnership- 5th day of following quarter if payment physically otherwise 6th, if payment online

In case of company- 5th day of following month if payment physically otherwise 6th, if payment online.

Sonal Chavda

Sonal Chavda (Querist)
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02 September 2014 Dear Shushil Sir,

But If He is nor received payament of Bill..then???

Still should he pay service tax??

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Sonal Chavda

Sonal Chavda (Querist)
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02 September 2014 My quesiton is if at the quarter end also if He has not recvd payment of bill..then???

Annu Agarwal

Annu Agarwal (Expert)
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02 September 2014 for service provider there is no condition of receipt of payment.He should have paid service tax according to due date only.

sushil kumar

sushil kumar (Expert)
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04 September 2014 Dear,
In case of Individual or firm, you can pay service tax on receipt basis unless your total receipt more than 50lacs for the relevant financial year.
In case of company, you will have to pay service tax on accrual basis.