Payment of service tax

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Subhash Chandra Sharma (Querist)
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04 November 2013 Sir,
Rule 6 of the service tax Rules 1994 says in case of individuals or partnership firms whose aggregate value of service provided in the previous financial year was 50 lakh rupees or less, service tax can be paid on receipt basis and not on invoice basis.
This means service tax assesseis other than individuals and partnersip firms i.e. companies and others are required to pay the service tax on monthly basis and on invoice basis even if the payment is not received from the customers.
experts please guide and oblige.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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04 November 2013 As per proviso to rule 6, the option to pay on receipt basis applies to individuals and partnership firms only.

Subhash Chandra Sharma

Subhash Chandra Sharma (Querist)
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06 November 2013 Thanks sir

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