SERVICE TAX

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Querist : Anonymous

Querist : Anonymous (Querist)

20 December 2010 DEAR SIR ,
PLEASE TELL SERVICE TAX RATE AND LAST DATE OF SERVICE TAX RETURN.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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20 December 2010 Dear anonymous,

At present, the effective rate of Service Tax is 10.3% on the value of the taxable service. The above effective rate comprises of Service Tax @10% payable on the “gross value of taxable service” Education Cess @ 2% on the service tax amount, and Secondary and Higher Education Cess @ 1% on the service tax amount.

Category
In case of Individuals, Proprietary Firms & Partnership Firms Quarterly as mentioned
below -
( i ) For Q.E. 30th June
(ii ) For Q.E. 30th Sept.
( iii ) For Q.E. 31St Dec.
( iv ) For Q.E. 31st March

Due Dates:-
- by 5th July
- by 5th Oct
- by 5th Jan.
- by 31st March
Others (e.g. Companies,
Societies, Trusts etc.)
Monthly
By 5th of the month immediately following the month in which payments are received towards the value of taxable services. However, in case of March, the payment should be made by 31st March.

2. Electronic Payments through Internet:
Category
In case of Individuals, Proprietary Firms &Partnership Firms
Quarterly as mentioned below -
( i ) For Q.E. 30th June
(ii ) For Q.E. 30th Sept.
( iii ) For Q.E. 31St Dec.
( iv ) For Q.E. 31st March

Due dates:-
- by 6th July
- by 6th Oct
- by 6th Jan.
- by 31st March
Others (e.g. Companies,
Societies, Trusts etc.)
Monthly
By 6th of the month immediately following the month in which payments are received towards the value of taxable services. However, in case of March, the payment should be made by 31st March.

for more info:-

https://www.caclubindia.com/forum/information-about-payment-of-service-tax--116586.asp

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