When and how to pay service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 October 2016 Dear Member
My name is Vijay Singh.I have a company take a service tax number.So please tell me when i need to pay service tax.
What is the criteria for that.

Rajannaidu

Rajannaidu (Expert)
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01 October 2016 In terms of Section 69 of the Finance Act,1994 (Chapter V) read with rule 4 of the Service Tax Rules,1994, Service tax is required to be paid only when the aggregated value of service provided exceeds Rs. 10 lakhs in the financial year. The service tax provider is required to apply for registration for service tax within 30 days of this turnover exceeds Rs. 9 lakhs.
Service Tax can also be paid electronically, using e-payment facility.

As per Rule 6 of the Service tax Rule 1994 due date for the payment of Service tax separate for individual /partnership firm and others

1. Due date for the payment of service tax, in case of individual /partnership firm is 5th of following quarter in which the payment is received. In case online 6th of the following quarter in which the payment is received

2. For other service providers due date for the payment of service tax is 5th of the following month in which payment is received, in case online payment 6th of the following month.

3. Exception : Service Tax Collected for the month/quarter ending, March shall be payable by 31st March of the said calendar year

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