CA. Narottam Kumar Rawat (Indirect Tax Consultant) 26 November 2013
Assessee who has paid service tax of Rupees One Lac or more including CENVAT Credit during the preceding year are required to pay service tax electronically w.e.f. 1st January, 2014. Earlier this limit was Rupees Ten Lacs or More.
Therefore, Service tax liability for the month/quarter ended December-2013 will be subject to above change, where payment is to be made in cash.
CBEC has issued Notification No. 16/2013-ST dated 22-11-2013 in this regard.