Payments of service tax

This query is : Resolved

sharad (Querist)
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13 October 2012 Dear sir,
Pls tell me for individual/HUF when they have to pay for service tax and what is point of taxation for those onsultant

CA Amit Rajput

CA Amit Rajput (Expert)
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13 October 2012 1.In all cases other than individual, Proprietorship firm or partnership firm the service tax is payable by 5th of the month succeeding the month in which the value of taxable service is realized.
However for the value realized in the month of March tax has to be paid by 31st March itself.

Value Realized
Due Date
April
5th May
May
5th June
June
5th July
July
5th August
August
5th September
September
5th October
October
5th November
November
5th December
December
5th January
January
5th February
February
5th March
March
31st March

1.If the assessee is an individual, proprietorship firm or partnership firm the due date for payment of tax is 5th of the month succeeding the quarter in which the value of taxable service is realized.

Value Realized
Due Date
April to June
5th July
July to September
5th October
October to December
5th January
2.However for the quarter ended 31st March i.e. for the the values realized in January, February and March tax has to be paid 31st March itself.

and point of taxation is date of issue of invoice or receipt of cash basis which ever is earlier

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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13 October 2012 agreed with amit ji

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