Service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2014 dear experts

i am working in web designing company as a accountant,this is service tax registered company, we were levied service tax to client from April 2014 when will submit service to govt?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

18 July 2014 Service Tax to be submitted within 5th of Next month (6th in case of e-payment).

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2014 sir i asked period 3 month or 6 month

Upgrade to CAclubindia Pro. Subscribe Now!

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

18 July 2014 For Individuals/ Partnership Firms Service Tax Deposited Quarterly using GAR7

Due Dates:

April-June------5th July

July-September----5th October

October-December------5th January

January-March------31st March.

In case of Companies Service Tax Deposited Monthly using GAR7.

For companies due date is 5th of Succeeding month (6th in case of e-payment). For the month of march due date is 31st March.

Due date is same both for regular Service Tax and Service Tax under RCM.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

18 July 2014 Interest Rate on Late Deposit of Service Tax--

Interest rate ( As per otification no. No. 6/2011) is 18% p.a on service tax if value of taxable service is more than Rs. 60 Lakhs and if less than Rs. 60 Lakh, you have to pay 15% p.a. interest on service tax if you do not pay service tax within the due date. The new rate of interest of 18% p.a. is applicable from 1st April, 2011.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2014 sir
i am fresher, i don't know how to deposite
my company web designing company , when we ll deposite

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

18 July 2014 Due date of filing Half yearly service Tax return in form ST3 is ---

1st Half - 25th October
2nd Half - 25th April

Late fee for delay in filing---

First 15 Days - Rs 500
16-30 days Rs 1000

More than 30 days Rs 1000 + Rs 100 per day beyond 30 days. (Subject to Maximum of Rs 20000/-)

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2014 thks expert ur information

Upgrade to CAclubindia Pro. Subscribe Now!