Whel will submit service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 July 2014 dear experts

pls suggest me our company is service providing company we are collecting service tax from customer when will deposite govt and where?

pls let me know procedure pay tax?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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19 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.

Prior to 1.1.14, a manufacturer/service tax payer was required to pay duty of Central Excise/Service tax through internet banking (e-payment) if the total duty paid by the assessee exceeded rupees ten lakhs in the previous financial year as per Rule 8 of the Central Excise Rules, 2002 and Rule 6 of the Service Tax Rules, 1994 respectively.

However ,vide Notification No. 15/2013- C.E ( N.T) and Notification No. 16/2013 -(ST) dated 22-11-13 , a manufacturer or a Service tax payer who has paid a duty or tax of more than rupees one lakh in the previous financial year shall be required to pay duty or tax through internet-banking, with effect from 1st of January , 2014.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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19 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.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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19 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/-)

Querist : Anonymous

Querist : Anonymous (Querist)

19 July 2014 my company web designing company i think which come under individual right?

what procedure should i use to service tax deposite?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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19 July 2014 Its clearly stated above that---

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.

For first three quarters due date will be 6th in case of e payment.