SERVICE TAX ANNUAL RETURN FORM

This query is : Resolved

Rajiv (Querist)
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02 April 2016 GOOD MORNING TO ALL EXPERTS I WANT TO KNOW ABOUT SERVICE TAX ANNUAL RETURN. CAN YOU TELL ME IN WHICH FORM WE WILL FILL ANNUAL RETURN OD SERVICE TAX AND WHAT IS THE DUE DATE OF IT. ANY CONDITION ABOUT IN REGARDS OF FILLING ANNUAL RETURN.PLZ REPLY MY QUERY URHENT.THANKS IN ADVANCE

Purnima Parashar

Purnima Parashar (Expert)
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02 April 2016 Every assessees who has registered for Service Tax and has been assigned a Service Tax Registration No. is required to file a Service Tax Return on half yearly basis before the due date Period in form ST-3
For period April to September last date is 25th October
For period October to March last date is 25th April

The Payment schedule has been summarized for your reference
Entity Type Frequency Due Date
Paid Physical Paid Online
Individual/ Partnership Firms Quarterly 5th of the following quarter 6th of the Following Quarter
For Eg: For the quarter of April to June 5th of July (paid Physical)
For Eg: For the quarter of April to June 6th of July (paid online)

Companies/others Monthly 5th of the following Month 6th of the Following Month
For Eg: For the Month of April , 5th of May (Physical)
For Eg: For the Month of April 6th of May(Online)

Exception:- Service Tax collected for the Month/Quarter ending of March shall be payable by 31st March of the said calendar year

Tax payer has two options to pay his service tax, namely, physical payment and online service tax payment. However, with effect from January 1 2014, it has become mandatory for entities to pay Service Tax Online if their previous year’s service tax amounted to INR 1 lac or more

Interest on Late payment of Service Tax notification No (12/2014-ST dt. 11-07-2014 )
Extent of Delay Simple Interest P.A. on late payment of service Tax
Upto 6 Months 18%
From 6 Months upto 1 year 24%
More than 1 year 30%

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Suresh Ramaswamy

Suresh Ramaswamy (Expert)
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24 April 2016 While congratulating Ms.Purnima on her full and detailed reply, I would just like to point out that Finance Bill 2016 has made provision for the filing of an Annual Service Tax Return on the lines of Annual Excise Return. The rules for the same and the prescribed forms are still to be notified. Under Excise Act and Rules the ER has to be filed by assessees with turnover exceeding Rs.3 Crores (SSI exemption limit) by 30th November succeeding the end of the financial year i.e the return for Financial Year 2015 - 16 has to be filed by 30th November 2016. In Service Tax the small taxpayer exemption is Rs.10 lakhs - and hence the limit will be lower.

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