Service tax payment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 April 2015 Dear every one
i have obtain the ST registration on 10/4/2015. first i will have to pay ST on receipt basis according to the point of taxation rule that the invoice should be issue within the one month of completion service. i am just elaborate it in details under below.
suppose service completion date 15/4/2015
invoice issue date 16/4/2015
payment receipt date 25/8/2015

according to the point of taxation rule which one of these date is to be booked for point of taxation rule. and what will be due date for ST payment for partnership firm.

thanks & regard
vishal

CA Neelam Maheshwari

CA Neelam Maheshwari (Expert)
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23 April 2015 If invoice is issued within 30 days of completion of service, Point of taxation will be the date of invoice or date of payment, whichever is earlier.
So, in your case invoice is issued within 30 days, POT will be 16/04/2015.

CA Neelam Maheshwari

CA Neelam Maheshwari (Expert)
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23 April 2015

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Querist : Anonymous

Querist : Anonymous (Querist)

24 April 2015 Dear Madam
if the turnover is below 50 lacs, therefore no point of taxation rule is to be applicable. and i am engaged in partnership firm . so can i pay service tax on receipt basis. and which specific due date would be for ST payment...

regard
vishal

CA Neelam Maheshwari

CA Neelam Maheshwari (Expert)
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24 April 2015 Partnership firm is liable to pay service tax by the 6th of the month immediately following the respective quarter. Payment for the last quarter is required to be made by 31st march itself. And if turnover of previous financial year is less than50 lacs, service tax can be paid on receipt basis. So in your case service tax payment date will be 6th oct.