Payment of service tax

This query is : Resolved

Srinivasa Joshi (Querist)
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18 December 2014 Respected sir,
We are having proprietorship business, and doing the crushing business and collecting the service tax on the same around Rs. 10 Lakhs per month, our doubt is that have to pay service tax monthly or quarterly. payment is on receipt basis or accrual (billing) basis.
Please sir
Thanking you
Yours faithfully
Srinivasa Joshi.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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18 December 2014 For Proprietorship firm service tax to be paid quarterly. Please note that from 01.10.2014 e payment of Service Tax is mandatory for all assessees.

CA Robin Betala

CA Robin Betala (Expert)
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18 December 2014 If your Turnover in preceding fin. year not exceeeed 50lac thehn you can pay it on cash basis else to be paid on accural basis.

pay it quarterly

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