Tax payment
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Querist : Anonymous
Querist : Anonymous
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1. **Due Date for Payment:**
Service tax is generally payable **by the 6th of the following month** for the services provided in the previous month. (Sometimes 5th or 6th depending on circulars, but 6th is commonly accepted.)
2. **Monthly Payment:**
Yes, service tax is to be paid **monthly**, i.e., every month for the services provided in the previous month.
3. **Mode of Payment:**
As per Notification No. 9/2014 dated 11 July 2014, service tax payments **must be made electronically** (via internet banking or designated online channels). Physical payments are generally not accepted for service tax.
4. **Quarterly Payment Option:**
* Small service providers with an aggregate service tax liability of up to Rs. 10 lakhs in the previous financial year can opt to pay service tax on a **quarterly basis** instead of monthly.
* But this is subject to fulfilling prescribed conditions and opting in writing with the jurisdictional tax officer.
5. **Late Payment:**
Late payment attracts interest and possibly penalty.
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**In short:**
* Service tax is **paid monthly by 6th of the next month**.
* Payment must be made **online**.
* Quarterly payment is possible only if eligible.
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