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Tax Deposit

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(Querist)
17 February 2009 Dear Sir,

Is service tax also pay monthly as sales tax when our ternover incresed.

If yes pls describe limit of ternover


Harish
09313022338
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
17 February 2009 Periodicity for payament of service tax depends on the status of the assessee. Presently companies has to pay monthly and proprietory firms has to pay quarterly.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
18 February 2009 Proprietorships and Partnership firms have to pay service tax quarterly and "rest all the assessees" have to pay it monthly.
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