St payment- monthly or lumpsum

Challans 1006 views 6 replies

Respected All,

Can u pls tell me the method of service tax payment:

Shud I Make a single payment challan or individually for each month for PVT LTD Co. So that there will not be any confusion in mentioning the challans in returns?

Kindly Suggest.

Replies (6)

Dear Parv,

If your query is with regard to whether one time payment in lieu of monthly payment for different months is allowed or not, here is the reply:

Given that yours is a Private Limited Company, Service Tax needs to be paid monthly, by 6th of the following month, as per Rule 6 of Service Tax Rules.

Please revert if your query is different.

     

Respected,

1.I have to make payment for F.Y.12-13 With interest & will revise the returns.

2.if I make a payment through one challan, I think, I can c/f the 1st half excess payment to 2nd half. kindly confirm

As the due date for above payment is lapsed.

I m asking bcoz I want to avoid confusion in  revised return filing.

Dear Parv,

The Service Tax to be payable needs to be calculated separately for each month. However for payment, if the service for which Service Tax is paid in Excess, is the same as the service for which this excess is to be utilized, then you can make payment through a single challan for that service for the net amount, considering interest if any, payable on shortage.

Please revert in case of any clarification.

Can u pls clarify with example taking whole year at a time.pls
 

Hi Parv,

Please provide your draft computation, so as to advise accordingly.

pls find the attachment I have another query relating to Service tax return.

How to show 1st 10 lakhs on which exemption is there in service tax return?


CCI Pro

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