Service tax payment

Sir,

This is regarding payment of service tax.

Example:  Date of completion of Service 10.04.2012

                   Date of invoice  : 28.06.2012

                   Payment            : Not yet received

In this case, we will pay the service tax in the month of july.2012.

Now, my question is while making payment, since we have already provided

the service in the month of April, is it necessary to pay interest for delay in

payment of service tax.

with regards

mala

 

 

Replies (4)
Yes, the intt shall be calculated 4m 6th may'12(7th may, in case of companies) till the date of payment.

Rule 6(1) of Service Tax Rule - ST shall be paid to the credit of Govt by 5th / 6th as the case may be of the month immediately following the month in which service is deemed to be provided as per Point of Taxation Rule

As per POT Rule, Point of Taxation is date of invoice , if invoice is not issued within 30 days of completion of service , date of completion of service will be point of taxation

Hence in your case Payment due date is May 5th or 6th

Interest is to be calculated from the above date

 

Agree with both of them

here, deemed date of completion of service(POT rules) for payment of service tax is 10-04-2012

Dear All,

Since i was little busy with some other work,  I was not able to

see the replies.

 Thanks a lot for your valuable replies

with regards

mala

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