Is service tax to be remitted on monthly basis? or is there any class of assessees who can remit service tax on quarterly basis? Kindly clarify as it is urgent.
TKKKKKK
(PRACTICING CA)
(3268 Points)
Replied 15 March 2013
Invidual,proprietary firm and partnership firm -quarterly
others -monthly
Sumit Grover
(Chartered Accountant )
(3652 Points)
Replied 15 March 2013
For service providers being---individuals, propertiership firm, partnership firm, the payment of service tax can be paid on quarterly basis....(refer proviso to Rule 6(1) of service tax rules, 1994-for details)
Vardan Singh Sengar
(Accounts Manager in Private Company)
(433 Points)
Replied 15 March 2013
how can i adjust my service tax payable???