Due date for payment of st if service is under rcm

This query is : Resolved

CA Priti Kishor Totala. (Querist)
Follow

02 January 2015 There is a Pvt company- recipient of Transport service so it pays Service Tax on 25 % (75% is abatement) of amount of Freight inward and Outward under Reverse charge mechanism.

My question is :-

Bill of Freight dated 05.10.2014 is paid on 08.12.2014 in this case what is the due date for payment of service tax under Reverse charge mechanism.

-Thanks in advance for co operation

Guest

Guest (Expert)

02 January 2015 RULE 7. Determination of point of taxation in case of specified services or persons.--
Notwithstanding anything contained in these rules, the point of taxation in respect of the persons required to pay tax as recipients of service under the rules made in this regard in respect of services notified under sub-section (2) of section 68 of the Act, shall be the date on which payment is made :

Provided that, where the payment is not made within a period of six months of the date of invoice, the point of taxation shall be determined as if this rule does not exist:

Provided further that in case of “associated enterprises”, where the person providing the service is located outside India, that point of taxation shall be the date of debit in the books of account of the person receiving the service or date of making the payment whichever is earlier.]

SO the payment of Service tax should be on 5th/6th January2015

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

R M Shekhaliya

Amit Goyal

SHRI HARIRAO

Frank

Pushkar Nagda

Subscribe Now

Due date for payment of st if service is under rcm

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Accountant

GST CONSULTANCY

Manager- Finance and Compliance

Senior Executive

CA Final