What is time limit

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 June 2017 what is time limit to pay GST and amount (under service tax) to service provider . under service tax it is 3 month in GST whether it will be continued .

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

22 June 2017 No it will not be continued GST after taking ITC has to be paid on or before 20th of next month(monthly payment is required).

Sagar Doshi

Sagar Doshi (Expert)

22 June 2017 need to make payment of service charge and GST within 180 days from date of invoice. otherwise need to reverse the credit that we have taken earlier

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)

22 June 2017 Payment of taxes by the normal taxpayer is to be done on monthly basis by the 20th of the succeeding month.

Cash payments will be first deposited in the Cash Ledger and the taxpayer shall debit the ledger while making payment in the monthly returns and shall reflect the relevant debit entry number in his return. As mentioned earlier, payment can also be debited from the Credit Ledger.

For e.g. Payment of taxes for the month of March shall be paid by the 20th of April. Composition tax payers will need to pay tax on quarterly basis.

Timing of payment will be from 0000 Hrs to 2000 Hrs.

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