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Service tax due date for payment

Naresh Kumar (Finance) (48 Points)

28 September 2012  

for a recruitment / manpower company when should the service tax be paid, as per example below:

1) date of completion of Service : 1st July 2012

2) date of invoice generation  : 2nd July 2012

3) Actual payment receipt : 3rd September 2012

 

thanks.


 4 Replies

CA.Ankur Khandelwal (Owner) (281 Points)
Replied 28 September 2012

5/6 Aug

1 Like

CA Kamal Aggarwal (Accounts Manager) (78 Points)
Replied 28 September 2012

In case you are a corporate assessee ST to be paid by 5th or by 6th aug (electronically) 

& in case you are a non -corporate assessee (prop, partnership firm) ST to be paid by 5th or by 6th oct.

1 Like

Naresh Kumar (Finance) (48 Points)
Replied 28 September 2012

thanks much sirs.

a) in the same case, instead of September 3rd payment received, what happens if the payments are not received at all? how to deal with the money already paid to service tax authority? also will the assessee be eligible for any interest payment from service tax authority since the service tax is being paid in Advance and all the time there will be atleast 60 days delay between raising of invoice and actual receipt of payment

b) will help, if you can let know since when this rule is applicable.

 

Ganesh (CA) (111 Points)
Replied 28 September 2012

Dear Naresh,

1) If it is a bad debt, service tax reversal not possible.

2) There is no provision of interest payment by the department. Service Tax to be paid on accrual basis. Pls see rule 6 (1) of service tax rules,1994 for exceptions. 

Rgds,

Ganesh

1 Like

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