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Due Date for Filing Return of ISP

Sandeep Ladha (N.A) (435 Points)

22 May 2010

What is the Due date of FILING RETURN OF INPUT SERVICE PROVIDER IN SERVICE TAX.....??

What is the Rate of INTEREST of LATE FILING OF RETURN.....??

Thanks in Advance..

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11 Replies

CA CS Akashdeep Singh (Practicing CA) (1394 Points)
Replied 24 May 2010

Due Date:

Period:

Apri-Sept- 31-Oct

Oct-Mar- 30 April

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daya shankar singh (CA ,CS) (629 Points)
Replied 25 May 2010

The due date for filing return is same as abovesaid

As per sec 76, the penalty amount on late filing is Rs 200 per day during which such failure continues or 2% per month, whichever is higher starting with first date after due date of actual payment of outstanding amount and in no case penalty amount exceed the service tax amount

EKALABYA TALUKDAR (SERVICE TAX CONSULTANT) (666 Points)
Replied 17 June 2010

Originally posted by : Akashdeep Singh
	Due Date: Period: Apri-Sept- 31-Oct Oct-Mar- 30 April

FILING OF RETURN

April to Septemder = Last Date 25 October,

October to March = Last Date 25 April

PLEASE CORRECT YOUR CONCEPT

Sushant (Executive) (106 Points)
Replied 18 June 2010

I got my service Tax number on 23rd April 2010 .

So, my due date is 31st October 2010 ?

What is Advance Service Tax ?

EKALABYA TALUKDAR (SERVICE TAX CONSULTANT) (666 Points)
Replied 19 June 2010

Originally posted by : Sushant
	I got my service Tax number on 23rd April 2010 . So, my due date is 31st October 2010 ? What is Advance Service Tax ?

NOT 31 st October BUT 25 th Octoder.

YOU RECEIVED ADVACE FROM YOUR CLIENT, AND PAYING THE PROPORTIONATE AMOUNT TO SERVICE TAX AUTHORITY IS ADVANCE SERVICE TAX.

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Sushant (Executive) (106 Points)
Replied 19 June 2010

Advance is sense ?

I give the Tax Invoice after I recieve the payment.

Is the Below Procedure Correct :

Sent Quotation / Proforma Invoice ---- > Raise Invoice --- > Recieve Payment ----> Send Tax Invoice with Money Reciept --- COMPLETE.

rama krishna (finance manager) (36 Points)
Replied 20 June 2010

can anybody guide me

whether clinical reseach conducted by "clinical research organisation" for any molecule (in pharma space) is a taxable service.

EKALABYA TALUKDAR (SERVICE TAX CONSULTANT) (666 Points)
Replied 20 June 2010

Originally posted by : Sushant
	Advance is sense ? I give the Tax Invoice after I recieve the payment. Is the Below Procedure Correct : Sent Quotation / Proforma Invoice ---- > Raise Invoice --- > Recieve Payment ----> Send Tax Invoice with Money Reciept --- COMPLETE.

YOU ARE LUCKY ENOUGH GIVE TAX INVOICE AFTER PAYMENT.

AFTER PROFARMA INVOICE IF SOMEONT TAKES PART PAYMENT, BUT COMPLETE WORK IS NOT DONE, MEANTIME ENDS THE QUARTER.

THIS PART PAYMENT IS SHOWN AS ADVANE OF THAT PROFARMA INVOICE

Priya Rao (student) (281 Points)
Replied 05 July 2010

Helo, can anybody let me know what is the due date (or last date) for payment of service tax? Is the date different in case of payment of advance service tax? Kindly let me know.

EKALABYA TALUKDAR (SERVICE TAX CONSULTANT) (666 Points)
Replied 05 July 2010

Originally posted by : Priya Rao
	Helo, can anybody let me know what is the due date (or last date) for payment of service tax? Is the date different in case of payment of advance service tax? Kindly let me know.

THERE ARE TWO TYPES OF SERVICE TAX PAYMENTS

1. FOR PROPRITERSHIP AND PATNERSHIP FIRMS:

LAST DATE TO PAY SERVICE TAX IS = 31_MARCH, 30_JUNE, 30_SEPTEMBER, 31_DECEMBER

2 OTHER THAN PROPRITERSHIP AND PATNERSHIP FIRMS

END OF EACH MONTH.

FIVE DAYS ARE ALLOWED AS INTEREST HOLIDAY (if you pay for the month of february on 5th March, you dont have to pay interest for 5 days)

FOR THE MONTH OF MARCH OF EACH YEAR NO TNTEREST HOLIDAY IS ALLOWED (So If you pay on 1st APRIL, you have to pay one days interest @ 13% for a day)