Service tax due date quarter ending march

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Service tax due date for quarter ending march is 31 march. But how is it possible to deposit the service tax up to 31 march on 31 march itself as the calculation take some time. If i have a 10 clients then how can i compute and pay service tax in time. So plz suggest me any provision regarding payment at later date.

Replies (9)

Only, you have to pay interest @ 18% per annum on number of delays

Regards

Raksh*t

But the law does not make any provision for the hardships faced by assessee

Yeah..i know...nothing can be done....

We also paid off our Service Tax dues yesterday at 10.30 P.M. ...

DEPOSIT THE AMOUNT ON ESTIMATE BASIS.IF U HAVE DEPOSITED EXCESS,U CAN SHOW THE SAME WHILE FILING SERVICE TAX RETURN AND CARRY FORWARD IT TO NEXT MONTH TO BE ADJUSTED AGAINST APR MONTH SERVICE TAX PAYMENT.THIS ID DONE AS PER USUAL PRACTICE.

Now assessee no option but to pay tax before the due date.  It is very unfair on the part of Law makers. Unless trade and industry send representation to Government and demand fair deal, nothing happens.  When Govt. could change POT rules, payment of taxes on accrual basis like in the case of VAT, due dates for payments/filing  also should have been relaxed like VAT.

These feeling & hardship is faced by many.  Its better to valuate the same in the last week of March & pay in lump sum, if cant calculate in exact. the difference can be paid later alongwith intt @ 15% or 18% as applicable.

 

Some relaxation should be bought in by the Govt.

  YOU CAN   DEPOSIT THE AMOUNT ON ESTIMATE BASIS.IF U HAVE DEPOSITED EXCESS,U CAN SHOW THE SAME WHILE FILING SERVICE TAX RETURN AND CARRY FORWARD IT TO NEXT MONTH TO BE ADJUSTED AGAINST APR MONTH SERVICE TAX PAYMENT.THIS ID DONE AS PER USUAL PRACTICE.

Originally posted by : CA PRAVEEN SINGH

  YOU CAN   DEPOSIT THE AMOUNT ON ESTIMATE BASIS.IF U HAVE DEPOSITED EXCESS,U CAN SHOW THE SAME WHILE FILING SERVICE TAX RETURN AND CARRY FORWARD IT TO NEXT MONTH TO BE ADJUSTED AGAINST APR MONTH SERVICE TAX PAYMENT.THIS ID DONE AS PER USUAL PRACTICE.

 

Plan early. you should start working from 25.


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