Service tax deposit

Dear Professionals,

Kindly clarify from July onwards whether service tax under various service to be deposited using newly issued All Services Code or can continue with current status.

Thanks & Regards



Taxation Manager

If you are paying service tax only as a service provider then it is to be deposited in the new tax code only. But if you are paying tax on reverse charge basis as well, then service tax in relation to all those invoices which are issued prio to 01-07-2012 will have to be deposited in the earlier code. Service tax is liable to be under new code when it is paid in respect to those invoices which are raised on or after 01/07/2012. Hope it is clear to you now.


Your are not logged in . Please login to post replies

Click here to Login / Register  


× Online Coaching My Enrolled Courses
Articles Forum News Experts Exams Share Files Income Tax Accounts Career Corporate Law Service Tax Video Judgements Rewards Top Members Events Albums Find Friends Featured Feed Scorecard Bookmarks Mock Test Poll Notification Knowledge Finder Coaching Institutes Trainee Corner Jobs