ST PAYMENT

This query is : Resolved

Prashant (Querist)
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20 April 2011
Cleint Issued Bills during Jan-Mar for Rs.411887 (373415 + 38472 ST)
But amt. received against bills only Rs.280419 (254225+26194 ST) till 31st MARCH and deposited ST in Bank Rs.26194/-

Balance amount received in APRIL, so when he has to deposit the Balance ST to be deposited ? In July ? (if proprietor firm)

rajula gurva reddy

rajula gurva reddy (Expert)
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21 April 2011 Service TAx is payable only on 5th of the following month,in which month amount was recovered and not in the month invoice/bill was issued. In the instant case Service TAx is payable on 31st of MArch on the amount deposited as on 31st MArch.The remaining Service TAx is payable only after realisation of the amount.