Service tax

I assume that yours is professional partnership firm,As per Sec 68(1) read with Rule 6 of Service Tax Rules,1994 in case of individual,firms and AOP ST to be paid quarterly . 

Therefore,ST on service pertaining to the month  of Jan will be paybale in April (by 6th of April)...therefore, it is not a case of late payment, so no interest will be chargeabl.... and you can very well claim the cenvat credit of input serv received in Feb.

Ours is Pvt Ltd company. & for the Month/Quarter ending in march service tax is to be paid by 31st march

Ya in that case also you can take credit because credit of input services can be taken on the receipt of invoice and credit once taken can be utilised for immediate month ST liabity  payment .

But sir our liability is for earlier months can we still utilise it ?

ya you can utilise,As per Rule 3 of Cenvat Credit Rules,2004-Cenvat credit  need not to be  be matched one to one or month to month. 
The only thing to be matched is that credit upto date of ST payment  only can be taken....

No you cannot utilize march input credit for payment of January Service Tax Liability. you have to remit January ST Liability along with Interest and Interest is to be calculated on no.of.days basis not on Month basis.

Feb 6th is the due date for Jauary. You have to calculate Interest form Feb 06th to till date of payment.

Rule says you can utlise cenvat credit which is accounted till last day of the month . against the liability for a particular month . Here you are paying interst for delay of payment so the liabilty is for the month of March only .So u can utlise cenvat credit in the month of March.
 

Thanks to all for your valuable reply.

I Have quary about New Service Tax rate

Kindly guide me

01) From where it is applicable (14 % ) 

02) It is 14% or its is 14.42% (Serivce tax + CESS + HCESS)

03 What is swachha bhatat cess ?

• New ST Rate(14%) is applicable form the date of enactment of bill.
• It is 14%. there is no Edu.Cess and SHE Cess for Service Tax.
• Swachh Bharat cess is applicable on all or Certain Services. as of now nothing is prescribed.

Dear Sir,

We are a new Service firm based at Kolkata. We need to know the following.

(i) Should we charge Service tax from day one of our commencing business activity (invoicing to our customer). We read the rule that says that upto Rs 4 Lac service value per annum, no need to pay Service tax. Once we exceed, we need to pay. Is this correct??

(ii) What is the max limit by which we need to register and Service Tax as per rule??

(iii) How to handle Service+ Material (Some defective parts will be replaced by us). Do we need to prepare one Service invoice + One sale invoice with applicable Sales Tax/VAT??

Please clarify.

Rgds