Due date of reverse charge for prop. firm

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Asif Ali

Asif Ali (Querist)
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16 February 2015 What is the Due date of Reverse charge for Prop. firm ?

CA Parveen Kumar

CA Parveen Kumar (Expert)
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16 February 2015 In case of proprietorship firm due date of tax payment is 6th day of month immediately following the quarter in which Service Tax is due.

For example:

if tax liability arise in 11th November 2014, then due date of payment is 6th January 2015.

Asif Ali

Asif Ali (Querist)
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16 February 2015 But is it not when it says, "Due date of payment is the 6th of next month of the date of payment of invoice against Reverse charge"

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CA Parveen Kumar

CA Parveen Kumar (Expert)
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16 February 2015 As per Rule 6(1) of Service Tax Rules, 1994 the due date in case of individual is 6th of the month immediately following the quarter.

The rule 6 applicable in both cases whether it is direct charge or reverse charge.

Further as per Rule 7 of POT, the liability arise under reverse charge in the month in which the payment of invoice is made (max 3 months).