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Can service tax be paid in advance???

This query is : Resolved 

15 December 2010 DEAR SIR,

Can service tax be paid in advance, where the gross amount has not yet been received?


RAHUL,

15 December 2010 Yes. W.e.f. 1-3-2008, a new provision 6(1A) has been incorporated in Service Tax Rules, 1994, whereby service tax can be paid in advance to the credit of the central government & adjust the amount so paid against the service tax which he is liable to pay for the subsequent period.
The assessee is required to intimate the details of the amount of service tax paid in advance to concerned jurisdictional superintendent of Service Tax within a period of 15 days of such payment.
The amount shall be paid under the respective head of accounts of the taxable service he is providing.

Regards,


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