Regarding due date of payment of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2015
Dear sir
Under reverse charge mechanism it is necessary to pay service tax by both service provider and recipient as per Point of taxation rules but ACCORDING TOthe 3rd proviso to sub rule (1) of rule 6(1), an individual and partnership firms can pay taxes on receipt basis...
I wanted to ask that whether a firm can avail the benefit of proviso while paying under reverse charge mechanism...
Thanks in advance
Under reverse charge mechanism it is necessary to pay service tax by both service provider and recipient as per Point of taxation rules but ACCORDING TOthe 3rd proviso to sub rule (1) of rule 6(1), an individual and partnership firms can pay taxes on receipt basis...
I wanted to ask that whether a firm can avail the benefit of proviso while paying under reverse charge mechanism...
Thanks in advance
19 October 2015
Individual and partnership firm can pay the service tax quarterly basis.
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