Payment of service tax for f.y.2012-13

Queries 10208 views 7 replies

Alim Khan

SR. MANAGER

37 Points Joined June 2012

I want to ask one query for service tax payment & return due date for F.Y.2012-13 after the amendment by Finance Act 2012.

As per my understanding the Service Tax Periodicity for payment & return are as follows:

	PERIODICITY
STATUS	MONTHLY	QUARTERLY
(1) Company	If previous year Service tax liability is Rs.25lacs or more or in case of newly registration	If previous year tax liability is less than Rs.25 lacs
(2) Individual / Firm	Not Applicable	Quarterly return irrespective of previous year tax liability or in case of new registration

Please clarify the below :

1. whether the above periodicity is correct?

2. if, not then the correct Periodicity for Service Tax Payment & Return?

3. what will be the due dates for payment & Return after Finance Act 2012?

4. From Which date the new provision of Service Tax will be Apllicable?

regards,

Alim khan

Replies (7)

This is applicable w.e.f 01.07.2012. A new notification regarding one page return format and due dates is expected. For the month of March, it is 31st March for all categories. For online payment it is 6th. For individuals, and firms, the due date of payment and due date of filing quarterly return is not clearly known. Due date of Monthly return for big assessees may be on 10th of succeeding month as excise return which is combined is also due on 10th

Sl.No.

Amount of tax paid in previous year

Individual/Firms & New Assessee

Company

Upto Rs. 25.00 lacs

Quarterly Return

Quarterly payment

Quarterly

payment

Quarterly Return

More than Rs. 25.00 lacs

Quarterly Return

Quarterly Payment

Monthly Return

Monthly Payment

5th

rengaraj r.k

CA. GANESH BAJORIA

CA practice

21 Points Joined August 2009

Please clarify on the following matter:-

1. Whether service tax return is to be filed every half year or every quarter for the F.Y.2012-13?

Please reply with reference to the relevant Notification issued by the Central Government, if any.

Further, is there any change with regards to the provisions of Reverse charge mechanism in respect of Goods Transport Agency Service.

Thanks and regards,

CA. Ganesh Bajoria

jeckey

Inter Ca

49 Points Joined January 2010

Hi..

Please give me new Notification No. for the due date of payment of service tax which is applicable w.e.f. 01/07/2012...

Ajit kumar Dubey

Taxation Manager

637 Points Joined September 2008

There has been no change in the due date for payment of service tax liability w.e.f 01-07-2012. Hence, the earlier provisions in relation to payment is still valid.

jeckey

Inter Ca

49 Points Joined January 2010

1. Quarterly payment and quarterly return for assesses who had paid Service Tax of Rs 25 lakhs or

less including the the payments made by utilizing the CENVAT credit, during the preceding

financial year.

2. Monthly payment and monthly return for all other assesses who had paid Service Tax of more

than Rs 25 lakhs including the the payments made by utilizing the CENVAT credit, during the

previous financial year.

3. Quarterly payment and quarterly return for all the new assesses.

ABOVE PROVISIONS ARE MENTIONED IN DRAFT NOTIFICATION NO F No 201/05/2011-CX.6 WHETHER IT WILL APPLICABLE IN THE YEAR 2012-13. AND IF YES PLEASE GIVE ME A REFERENCE ABOUT IT. ON WHICH DATE IT BECOME APPLICABLE...