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Service tax deposit

Anoop Agrawal (Proprietor) (30 Points)

12 July 2012

Dear Professionals,

Kindly clarify from July onwards whether service tax under various service to be deposited using newly issued All Services Code or can continue with current status.

Thanks & Regards

Anoop

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1 Replies

Ajit kumar Dubey (Taxation Manager) (637 Points)
Replied 12 July 2012

If you are paying service tax only as a service provider then it is to be deposited in the new tax code only. But if you are paying tax on reverse charge basis as well, then service tax in relation to all those invoices which are issued prio to 01-07-2012 will have to be deposited in the earlier code. Service tax is liable to be under new code when it is paid in respect to those invoices which are raised on or after 01/07/2012. Hope it is clear to you now.