Indirect Taxation
1246 Points
Joined May 2012
No,
First proviso to to RUle 6 has been amended by this budget and payment benefit on quarter basis extended to HUF also.
Here is the text:
Provided that where the [assessee is a one person company whose aggregate value of taxable services provided from one or more premises is fifty lakh rupees or less in the previous financial year, or is an individual or proprietary firm or partnership firm or Hindu Undivided Family], the service tax shall be paid to the credit of the Central Government by the 6th day of the month if the duty is deposited electronically through internet banking, or, in any other case, the 5th day of the month, as the case may be, immediately following the quarter in which the [service is deemed to be provided as per the rules framed in this regard]:
Regards