Credit prior to the registration can be
availed after Registration
ST can be paid from the credits of
In case of Reverse Charge (w.e.f 01/10/2014):
In case of advance payment :Date of Advance.
In case payment is made within 3months of invoice date : Date of payment
Payment not made within 3 months of invoice date: The date immidietly
following the 3 months.
Bill Issued before 1st Oct & payment after 1st Oct'14 :
Payment made within 6 month :Date of payment
Payment beyond 6 months: Service provider wale rules shall apply.
Credits of Ecess/Shec cannot be used for
ST but vica-versa can be done.
ST + TDS example: Bill is 90,000 after
deducting TDS of 10,000, then ST is on
Int. on late payment (Sec.75):
Upto 6months : 18%
6-12months : 18% (1st six months)
and then 24% (For the last six
More than 12months : 18% (1st six
months) and then 24% (For the last
six months), then 30%.
ST credit can be used for
ST/Excise payments as both under C.Govt.
Credit can be availed within 6 months
from the date of invoice/bill.
Section 70: Return
Date is 25th April & 25th October
Revision can be done by 90days
Penalty for Non-filing (Sec.77):
Upto 15 days: ₹500
15-30 days: ₹1000
Above 30 days: ₹100/day (max. 20,000)
ST with VAT cannot Set off.
SERVICE TAX in one page
Rate is 12.36%
Point of Taxation Rules
For Service Provider:
Invoice issued within 30 days: Invoice date
Invoice not issued within 30 days: Date of completion of service.
Advance received before invoice or Completion of service: Date of
Section 68: Payments
Payment due date is :
For Co. : 5th/6th Of MONTH
For others : 5th/6th of QUARTER
March : 31st March
W.e.f 1st Oct 14, ST must paid
only thorugh epayment mode.
TDS is charged on GROSS amount as
well i.e 100,000 in above example.
Section 69: Registration
Apply within 30 days of exceeding 9L
See books for Documents required
Penalty of ₹10,000 or ₹200per day
(Higher) for non registration.
Charged on GROSS amount i.e Ignoring
No ST in current yr. if Taxable services in
PY is 10L or Less.
ST should be charged on the invoice
which increases the 10L limit.
Any Individual Director providing any Service
to Any Company0%
Reverse Charge (Notification 30/2012)
Any Company/Partnership firm/Excise dealer paying
any freight to Any Transport agency.
(If Indivual/Huf are paying freight then GTA is liable to charge
ST, not Indvual.huf)
Other Important points
1. The liability of SReceiver is not discharged even if the Stax is charge by the SProvider in his bill.
2. Excess payment of ST can be adjusted against ST laibility in the succeding Month/quarter by fulfiling juts on condition
that such excess should not be on the account of interpretation of law/taxability/exemptions.[Rule 6(4B)]
3. Where reciever is in the non-taxable territory, then Service provider is liable to pay service tax and not receiver.
4. Under Notifiation 25/2012, GTA can claim exemption of ₹1500 under the single contract.This exemption is also avaible
in case of R.Charge.
5. ST paid under Reverse charge can be taken as Credit for the payment of ST as a provider or for the payment of excise
duty. (Applicable only in case the Person paying ST under RC is also a service provider or manufacturer)
9Lakh is the limit for registration anytime
If Any Services are imported into India and provided to
Any person in India (Eg. Processing charges paid to a
Singapore bank for taking an ECB)
Any Individual/Firm of advocates providing services
to Any person in business/profession whose
turnover in the PY is more than 10Lac.
Any Individual/HUF/Firm providing
rent a cab service to Any Company
Any Individual/HUF/Firm Providing this service
to Any Company3.09%