vyjayanthimala (Accounts) (245 Points)
17 September 2012Sir,
I want to know if a compay having more than 1 sister concern
having seperate service tax numbers and paid total service tax inclusive
of cenvat credit exceeds Rs.10 lac,(ser.tax for all 3 concerns), is it compulsory
to make epayment of service tax or enough to issue cheques.
mala
ANJALI NEGI
(Chartered Accountant)
(1263 Points)
Replied 17 September 2012
1st October, 2006, payment of service tax electronically shall be mandatory for those persons who are required to pay services tax and paid more than Rs.50 lakhs in the preceding Financial year or paid more than Rs.50 lakhs during the current financial year. So in ur case the service tax limit doesnt exceeds Rs50lacs. So u can make payment through cheques.
Parikh Ashish Narendrakumar
(C.A,M.Com.,LL.B)
(39 Points)
Replied 17 September 2012
Dear All,
I am agree with Anjali.
Pradeep Nainawati
(ACA)
(496 Points)
Replied 29 September 2012
Kindly find herewith the extract of Proviso to Rule6(2) of Service Tax Rules, 1994 for your perusal.
“(2) The assessee shall deposit the service tax liable to be paid by him with the bank designated by the Central Board of Excise and Customs for this purpose in Form TR-6 or in any other manner prescribed by the Central Board of Excise and Customs. 1[Provided that where an assessee has paid a total service tax of rupees ten lakh or more including the amount paid by utilization of CENVAT credit, in the preceding financial year, he shall deposit the service tax liable to be paid by him electronically, through internet banking.]”
The above proviso is amended with effect from 1-04-2010. Earlier the limit for mandatory e-payment was Rs 50 Lakhs instead of Rs 10 Lakhs.
Further if company and sister concern has obtained a seperate STR no., then the limit shall be calculated independently i.e. entity wise not combined.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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