periodicity for payment of service tax


This query is : Resolved 

12 January 2009 we are private ltd co. haviang service tax registration
our liab. does not exceed rs. 50 lacs per year including current year
what is the perodicity for payment of service tax - quarterly or monthly


12 January 2009 It is to be on montly basis.

12 January 2009 If your total service tax payment doesnot exceed 50 lakhs it has to be paid on or before the 5th of next month of collection.

12 January 2009 If it exceeds 50 lakhs, the amount has to be paid by way of e-payment and it has to be paid by 6th of the next month preceeding the month of collection.

12 January 2009 If it exceeds 50 lakhs, the amount has to be paid by way of e-payment and it has to be paid by 6th of the next month preceeding the month of collection.


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