Provisional payment of service tax
This query is : Resolved
E.K.Raghavendra
(Querist)
13 November 2008
Can you please explain me about provisional payment of service tax.
S.Srinivasaraghavan
(Expert)
14 November 2008
The comcept of provisional assessment has been built into the scheme of th Service Tax Rules. Whenever an assessee is, for any reason, unable to correctly estimate on the date of deposit, the actual amounts collected for any particular month or period, the assessee may make a request in writing to the Assistant Commissioner, Central Excise (Service Tax) to make provisional assessment of the tax on the basis of the amount deposited. The said assistant Commissioner may on receipt of such request, order Provisional Assessment of tax. In this regard, the provisions of the Central Excise Rules, 1944, have been made applicable except for the provisions relating to furnishing the bond.
Ravikumar.G
(Expert)
17 November 2008
PROVISIONAL PAYMENT OF SERVICE TAX
In case the assessee is unable to correctly estimate, at the time of the deposit, the actual amount of service tax for any month or quarter, he may make a written request to Assistant/Deputy Commissioner of Central Excise for making payment of service tax on provisional basis. The concerned officer may allow payment of service tax on provisional basis on such value of taxable service as may be specified by him.
For the purpose of provisional assessment at the time of filling the return, the assessee is required to file a statement in form ST-3A giving detail of difference between service tax deposited and the service tax liable to be paid for each month. The quarterly or half yearly statements should also accompany.The Assistant/Deputy Commissioner of Central Excise, on the basis of memorandum in form ST-3A may complete the assessment after calling for necessary documents or records, if need be.
In case the assessee is unable to correctly estimate, at the time of the deposit, the actual amount of service tax for any month or quarter, he may make a written request to Assistant/Deputy Commissioner of Central Excise for making payment of service tax on provisional basis. The concerned officer may allow payment of service tax on provisional basis on such value of taxable service as may be specified by him.
For the purpose of provisional assessment at the time of filling the return, the assessee is required to file a statement in form ST-3A giving detail of difference between service tax deposited and the service tax liable to be paid for each month. The quarterly or half yearly statements should also accompany.The Assistant/Deputy Commissioner of Central Excise, on the basis of memorandum in form ST-3A may complete the assessment after calling for necessary documents or records, if need be.
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