Service tax payment / deposit

If you are Individual and your turnover is under Rs.50 Lakh, you may pay service tax on Recipts basis

It depend on your Constitution Status, if you are an Individual and your turnover is less than the tax is liable to be paid on the basis of cash basis and if you are not an individual then you are required to pay the tax on or before 6th of January.

We are LLP and turn over has reached 10 lac.  This is our first invoice.  St registration done this month only. 

2. Do we have to deposit full St or only difference  25% as 75‰ is to be deposited by the service receiver. 

Thanks for your reply.  We are LLP and turn over has reached 10 lac.  This is our first invoice.  St registration done this month only. 

2. Do we have to deposit full St or only difference  25% as 75‰ is to be deposited by the service receiver. 

Thanks for your reply. We are LLP. 

Which type of services are you providing?

do you mean the party has only paid 25% percent of billed amount?

We are producing annimation video , agumanted realty and virtual realty videos.

we are LLP

as i understand being LLP we have to pay ST on quaterly basis.

My question is

1. whether date of TAX invoice or date of receipt of payment is to be considered for payment of ST by challan

2. As I know the service receiver deposits the 75% of service tax while making payment and balance 25% is to be deposited by us is this true?

3. If we deposit the Full ST and the service receiver deposits 75% then it will be 175%. We would like to avoid this situation.

DEVENDAR

As of your present case the date of Tax Invoice shall be considered and you are talking about 25 75 % but there are not a single provision for Partial Reverse Charge for your service 

Partial Reverse Charge is Only for Works Contract Service and renting of motor vehicle

why the service receiver is paying 75% tax ?

is there any agreement between you and your service receiver for the same?

Thanks Mr Upadhya,

I am drawing disbursing officer.

These queries are being put tome by some vendor.

 I gain from you that 

LLP has to deposit ST on quaterly basis.

Date of invoce is considered as actual date of transaction not date of receipt of payment.

75% and 25% is applicable for work contract service.

Contract for producing video annimation  will fall under "work contract service" ?

i think you have been mistaken somewhere because there is no 75:25 but it is 50:50 ratio

i can not say straightaway without going through the agreement made between you and your client and for Works Contract Service the ratio is of 50:50.