Service tax tax due date

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 February 2015 Respected all,
plz. let me know the due date for payment of
service tax. and the due date of service tax return.

Thanks. all

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 February 2015 For Individuals/ Partnership Firms Service Tax Deposited Quarterly using GAR7

Due Dates:

April-June------6th July

July-September----6th October

October-December------6th January

January-March------31st March.

In case of Companies Service Tax Deposited Monthly using GAR7.

For companies due date is 6th of Succeeding month. For the month of march due date is 31st March.

Please note that from 01.10.2014 Every Assessee is required to pay service tax through e-payment and therefore due date will be 6th.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 February 2015 DUE DATE OF FILING SERVICE TAX RETURN IN ST3 IS--

FOR 1ST HALF - 25TH OCTOBER
FOR 2ND HALF - 25TH APRIL.

Remember that Service Tax return can be revised only once within 90 days.

Penalty for Delay in filing Service Tax Return

# Delay of first 15 days then penalty will be Rs. 500
# Delay of 15 to 30 days then penalty will be # Rs. 1000
# Delay is more than 30 days then penalty will be Rs 1000+100 Rs. per day beyond 30 days, Subject to maximum penalty can be Rs. 20000/-

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 February 2015 Vide Notification No 12/2014-ST dated 11.7.2014, rate of interest to be charged on delayed payment of service tax has been enhanced w.e.f. 1.10.2014, based on period of delay. Thus, longer the delay period , higher would be the rate of interest payable.
# Up to six months - 18% p.a.
# Beyond six months to one year - 18% p.a. for the first six months of delay; 24% p.a. for delay beyond six months.
# Beyond one year - 18% p.a. for the first six months of delay; 24% p.a. for period beyond six months up to one year; 30% p.a. for any delay beyond one year.

If turnover during preceding FY did no exceed Rs 60 Lacs then there will be a concession of 3% and interest rate will be reduced from 18% p.a. to 15% p.a.

Remember you need to calculate interest on days basis for delay period which is from the due date of payment till the date of actual payment. Please check out the "Service Tax Late Payment Interest Calculator wef 01/10/2014" from link given below:

https://www.caclubindia.com/share_files/service-tax-late-payment-interest-calculator-wef-01-10-2014-64447.asp#.VLPlniuUfUs