Payment of service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 November 2012 SIR
A GOVT. DEPT COLLECTING ST FROM PUBLIC FOR PROVING SERVICE. IT RAISES BILL AND COLLECTS THE BILL AMOUNT INCLUDING ST WITHIN 15 DAYS. FOR EXAMPLE IT RAISED BILL ON 30TH APR AND COLLECTED THE AMOUNT ON 10TH MAY. SO WILL IT LIABLE TO PAY INTEREST AS IT HAS TO DEPOSIT THE SAID AMOUNT ON OR BEFORE 5TH MAY?

@VaibhavJ

@VaibhavJ (Expert)
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06 November 2012 Hi

Yes rules are applicable same for govt & non govt enity.

Thanks//Vaibhav
Click thank button to convey your appreciation.

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CA AYUSH AGRAWAL

CA AYUSH AGRAWAL (Expert)
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06 November 2012 Since ST Need to be Pay on Accrual Basis After Introduction of POT Rules, The Interest is Applicable.
No Relaxation to Govt Entities.

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