Payment of service tax for f.y.2012-13

Alim Khan (SR. MANAGER) (37 Points)

23 June 2012  

I want to ask one query for service tax payment & return due date for F.Y.2012-13 after the amendment by Finance Act 2012.

As per my understanding the Service Tax Periodicity for payment & return are as follows: 

 

 

 

PERIODICITY

STATUS

MONTHLY

QUARTERLY

(1)   Company       

If previous year Service tax liability is Rs.25lacs or more or in case of newly registration                             

If previous year tax liability is less than Rs.25 lacs

(2)   Individual / Firm  

 Not Applicable                                         

Quarterly return irrespective of

previous year tax liability or in

case of new registration   

 

Please clarify the below :

1. whether the above periodicity is correct?

2. if, not then the correct Periodicity for Service Tax Payment & Return?

3. what will be the due dates for payment & Return after Finance Act 2012?

4. From Which date the new provision of Service Tax will be Apllicable?

 

 

 

  regards,

Alim khan