according to st3 it says that service tax returns are to be filed on half yearly basis.
but for payment of service tax the due dates are quartely or/and montly.
what is the difference between the two?
is half yearly only for exports?
4 Replies
Pinky Agarwal
(Chartered Accountant)
(426 Points)
Replied 24 February 2012
| Originally posted by : khishen shet | ||
 |
according to st3 it says that service tax returns are to be filed on half yearly basis. but for payment of service tax the due dates are quartely or/and montly. what is the difference between the two? is half yearly only for exports? |
 |
This is for your inforemation that Service tax returns and payment are two different things.
Service tax Return is to be filed by 25th of the month following the particular half year by all the assessees..
Service tax payment provisions are as follows:
For Individuals/Proprietary Firm/Partnership Firm
Payment to be made on quarterly basis;
Due date for payment is 5th of the month immediately following the quarter
For Other Assessees (Company/Society Etc.)
Payment to be made on monthly basis;
Due date for payment is 5th of the month immediately following the month
Mallikharjun
(Deputy Manager)
(304 Points)
Replied 24 February 2012
I agree with Ms. Pinky. Payment shall be made according to above classification. But all assessees are required to file half yearly returns only.
khishen shet
(ca)
(277 Points)
Replied 25 February 2012
so this means that payment has to be made monthly or quartely but returns have to be filed only half yearly right?
Pinky Agarwal
(Chartered Accountant)
(426 Points)
Replied 25 February 2012
Yup, this tym u hav got it..
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