Service Tax Payment Rate Chart & Rules
- Tuesday, April 24, 2012, 7:25
- Service Tax
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1 In case of Individuals or Proprietary Concerns and Partnership Firm, service tax is to be paid on a quarterly basis. The due date for payment of service tax is the 5th of the month immediately following the respective quarter ( in case of e-payment, by 6th of the month immediately following the respective quarter). For this purpose, quarters are: April to June, July to September, October to December and January to March. However, payment for the last quarter i.e. January to March is required to be made by 31st of March itself.
( Refer Rule 6 (1) of Service Tax Rules, 1994)
2 In case of any other category of service provider other than specified at 6.1 above, service tax is to be paid on a monthly basis, by the 5th of the following month ( in case of e-payment, by 6th of the month immediately following the respective month). However, payment for the month of March is required to be made by 31st of March itself.
( Refer Rule 6 (1) of Service Tax Rules, 1994)
3 Service tax is to be paid to the Central Government in respect of service deemed to be provided as per the rules framed.
( Refer Rule 6 (1) of Service Tax Rules, 1994)
4 The facility of e-payment of service tax has been introduced with effect from 11.05.2005. From 1st April, 2010 e-payment of service tax has been made mandatory for the assessees who have paid service tax of Rs.10 Lakhs (cash+ cenvat) and above during the last financial year or who have paid service tax of Rs.10 Lakhs (cash + cenvat) and above during the current financial year. The e-payment shall be made only in designated banks by 6th day of the following month.
(Refer Rule 6 (1) & (2) of Service Tax Rules, 1994) {List of Banks, authorized to accept e-payment is given in para 12)
5 The assessee is required to deposit the amount of service tax in the designated banks through GAR-7 challan.
(Refer Rule 6 (2) of Service Tax Rules, 1994)
( Assessees may contact jurisdictional office for details of the designated banks.)
6 While depositing the service tax, the appropriate ‘account head’ pertaining to the particular service category should be mentioned on the challan. The correct accounting heads have been given in the table showing the ‘List of Services’ in para 1.3.
7 If the assessee deposits the amount of tax liable to be paid, by cheque, then the date of presentation of the cheque to the designated bank would be treated as the date of payment of service tax.
(Refer Rule 6 (2A) of Service Tax Rules, 1994)
8 Where an assessee has issued an invoice, or received any payment, against a service to be provided which is not so provided by him either wholly or partially for any reason, or where the amount of invoice is renegotiated due to deficient provision of service, or any terms contained in a contract the assessee may take credit of such excess service tax paid by him, if the assessee:-
a) has refunded the payment or part thereof, so received for the service provided to the person from whom it was received or
b) has issued a credit note for the value of the service not so provided to the person to whom such an invoice has been issued
( Refer Rule 6 (3) of Service Tax Rules, 1994)
9 The assessee can opt for provisional payment of service tax in case he is not able to correctly estimate the tax liability. In such a situation he may request in writing to the jurisdictional Assistant / Deputy Commissioner for the same.
( Refer Rule 6 (4) of Service Tax Rules, 1994).
10 Service tax ( including interest, penalty, refund) is to be rounded off to the nearest rupee. 50 paise or more should be rounded off to the next rupee and less than 50 paise should be ignored.
( Refer Board’s Circular No.53/1/2003 dated 11.03.2003)
11 Any person who has collected any sum on account of service tax, is under obligation to pay the same to the Government. He can not retain the sum so collected with him by contending that service tax is not payable.
( Refer section 73A of the Finance Act, 1994.)
12. Any person providing taxable service to any person shall pay service tax at the rate specified in Sec.66 in such a manner and within such period as may be prescribed.
(Sec.68 of the Finance Act, 1994)
The table below shows the rate of service tax applicable at the relevant period of time.
|
Sr.No. |
Period |
Rate of Service Tax |
Rate of Education Cess |
Rate of Secondary & Higher Education Cess |
| 1. | Till 13.05.2003 |
5% |
Nil |
Nil |
| 2. | 14.05.2003 to 09.09.2004 |
8% |
Nil |
Nil |
| 3. | 10.09.2004 to 17.04.2006 |
10% |
2% of the S.T. |
Nil |
| 4. | 18.04.2006 to 31.05.2007 |
12% |
2% of the S.T. |
Nil |
| 5. | 01.06.2007 to 23.02.2009 |
12% |
2% of S.T. |
1% of S.T. |
| 6. | From 24.02.2009 |
10% |
2% of S.T. |
1% of S.T. |
| 7 | From 01.04.2012 |
12% |
2% of S.T. |
1% of S.T. |
Related posts:
- Service Tax- Works Contract (Composition Scheme for Payment of Service Tax) Amendment Rules, 2011 – Amendment in rule 3
- Announcement of Rules amending Works Contract (Composition Scheme for Payment of Service Tax) Rules, 2007
- Budget 2011 – Service Tax – Amendments to Works Contract (Composition Scheme for Payment of Service Tax) Rules, 2007
- There is no provision for adjustment for short payment of service tax of earlier period against excess payment of service tax in subsequent period
- Amends CENVAT Credit Rules to allow availment of credit on the tax payment challan in case of payment of service tax by the service receiver.
Dear Sir,
I am a farmer I have 20 Acr of Land I will Take the Solar Fencing for my Land The Dealer Charged me The 5% vat tax and 10.5% service charge on Erection . As per my Knowledge This is For Agricultural purpose and We are Save The Wild animal and also our Crop From Wild Animal so ther is no Tax on it Pls Gide Me
Ravindra
Dear Ravindra,
As per my knowledge on agricutural product our goverment has no charge any tax.
Dear Ravindhar,
Best of my knowledge if it is agriclutur land but when u will make a fencing autometically it will treated as land developmet event. so, it is a non agriclutural land so service tax is applicable
Dear Sandeep,
I well grow cotton . Vega table and other Crop I well take solar fencing to protect our Crop from Wild Animal so this it is only for Agriculture use only
Ravindra
sir,
my properiter firm provided computer 5 operator value rs. approx 20000@ month what service tax percent add inbill corresponding this amount
Dear sir
I want to know what the rule passed for telephone department , that how much they to charge the service tax.
thanking you
with regards
soumya
I want a rate chart of service tax in 2011-12 details.
laber cont. how to apply service tax in housing priject
i want a reat chairt service tax in 2011-12 detalis.
I want to chart of Service tax & Tds % & Rules
Recently I got an appointment from Ghana based company for IT Delivery support, as per the contract, they have given x amount in USD as monthly salary for me in India and during my implementation travel, they will pay onsite charges. The said company doesn’t have registered office in India. Do I have to pay Service tax in India and Personal Tax?
Rajesh
Dear sir, Please advice can the service tax be charged on the EPF and ESI (Employer share) along with DC rate in the bill of contractor labour engaged on DC rates or can only be charged on the DC rates only and not on EPF and ESI.
Dear Sir,
i want to know ,details about rule & chart of TDS,SERVICE TAX & WCT..wef from AY12-13
i want a service tax and TDS calculation sheet and latest rules book also
i want a service tax calculation for labour with material for wct.
please help me.
looking forward for your immediate reply for the sent mail
Hi,
According to us, budget 2012 states as under:
E. Service Tax Rules, 1994:
1. A common simplified registration format for Central Excise and Service Tax is being placed for public comments, together with further liberalization in registration requirements, particularly centralized registrations. The proposed changes are attached as Annexure C. 12
2. Likewise a new simplified one page common return with Central Excise: to be called Excise & Service Tax Return (EST for short) is being introduced. The format of the return is given as Annexure D. It is also being proposed that the cycles for the payment service tax and filing of return should coincide. To this end the tax payment requirement is proposed to be revised as follows:
A. Assessees who paid tax of Rs 25 lakh or more in previous year and new assessees other than individuals and firms: Monthly
B. Others: Quarterly
3. This will improve cash flow for small businesses registered as companies or other corporate bodies while making large non-corporates pay tax on monthly business .
According to above provision, all kinds of assessee (including body corporate) who paid tax less than Rs. 25 lakh are required to pay tax and file return quarterly in the FY 2012-13 where as your current article states to the contrary. Please check and revert at the earliest.
With Regards,
Priya
Hi,
According to us, budget 2012 states as under:
E. Service Tax Rules, 1994:
1. A common simplified registration format for Central Excise and Service Tax is being placed for public comments, together with further liberalization in registration requirements, particularly centralized registrations. The proposed changes are attached as Annexure C. 12
2. Likewise a new simplified one page common return with Central Excise: to be called Excise & Service Tax Return (EST for short) is being introduced. The format of the return is given as Annexure D. It is also being proposed that the cycles for the payment service tax and filing of return should coincide. To this end the tax payment requirement is proposed to be revised as follows:
A. Assessees who paid tax of Rs 25 lakh or more in previous year and new assessees other than individuals and firms: Monthly
B. Others: Quarterly
3. This will improve cash flow for small businesses registered as companies or other corporate bodies while making large non-corporates pay tax on monthly business .
According to above provision, all kinds of assessee (including body corporate) who paid tax less than Rs. 25 lakh are required to pay tax and file return quarterly in the FY 2012-13 where as your current article states to the contrary. Please check and revert at the earliest.
With Regards,
Priya
Very Urgent – Kindly revert on – priyakaul2011@yahoo.in
Hi,
According to us, budget 2012 states as under:
E. Service Tax Rules, 1994:
1. A common simplified registration format for Central Excise and Service Tax is being placed for public comments, together with further liberalization in registration requirements, particularly centralized registrations. The proposed changes are attached as Annexure C. 12
2. Likewise a new simplified one page common return with Central Excise: to be called Excise & Service Tax Return (EST for short) is being introduced. The format of the return is given as Annexure D. It is also being proposed that the cycles for the payment service tax and filing of return should coincide. To this end the tax payment requirement is proposed to be revised as follows:
A. Assessees who paid tax of Rs 25 lakh or more in previous year and new assessees other than individuals and firms: Monthly
B. Others: Quarterly
3. This will improve cash flow for small businesses registered as companies or other corporate bodies while making large non-corporates pay tax on monthly business .
According to above provision, all kinds of assessee (including body corporate) who paid tax less than Rs. 25 lakh are required to pay tax and file return quarterly in the FY 2012-13 where as your current article states to the contrary. Please check and revert at the earliest.
With Regards,
Priya
please send all details of service tax tds & dvat & pay roll current financial year (2012-13)-assessment year 2013-14
When we will pay transportation charges within madhya pradesh,what the rate of service tax deducate from transport.