Payment of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 November 2012
SIR
A GOVT. DEPT COLLECTING ST FROM PUBLIC FOR PROVING SERVICE. IT RAISES BILL AND COLLECTS THE BILL AMOUNT INCLUDING ST WITHIN 15 DAYS. FOR EXAMPLE IT RAISED BILL ON 30TH APR AND COLLECTED THE AMOUNT ON 10TH MAY. SO WILL IT LIABLE TO PAY INTEREST AS IT HAS TO DEPOSIT THE SAID AMOUNT ON OR BEFORE 5TH MAY?
A GOVT. DEPT COLLECTING ST FROM PUBLIC FOR PROVING SERVICE. IT RAISES BILL AND COLLECTS THE BILL AMOUNT INCLUDING ST WITHIN 15 DAYS. FOR EXAMPLE IT RAISED BILL ON 30TH APR AND COLLECTED THE AMOUNT ON 10TH MAY. SO WILL IT LIABLE TO PAY INTEREST AS IT HAS TO DEPOSIT THE SAID AMOUNT ON OR BEFORE 5TH MAY?
06 November 2012
Hi
Yes rules are applicable same for govt & non govt enity.
Thanks//Vaibhav
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Yes rules are applicable same for govt & non govt enity.
Thanks//Vaibhav
Click thank button to convey your appreciation.
Message likes :
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CA Ayush Agarwal
(Expert)
06 November 2012
Since ST Need to be Pay on Accrual Basis After Introduction of POT Rules, The Interest is Applicable.
No Relaxation to Govt Entities.
No Relaxation to Govt Entities.
Message likes :
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17 November 2012
Yes I agree with expert Ayush
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