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TMI BlogDue datesX X X X Extracts X X X X X X X X Extracts X X X X ..... han those services specified in the negative list, provided or agreed to be provided in the taxable territory by one person to another and collected in such manner as may be prescribed. Above charging section clearly states that as soon as services provided or agreed to be provided, service tax is levied. Further, Point of Taxation Rules, 2011 prescribes various circumstances and situations in which point of taxation is to be decided. B. Collection of Service Tax Rule 6 (1) of Service Tax Rules, 1994 provides the specified date for discharge of service tax liability as: B (1) Payment of service tax Receipt Basis - In case of assessee is a individuals, partnership firms and one person companies ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ernment by the 5th (6th in case of electronic payment) of the month immediately following the said quarter. Facility of payment of service tax is available to all Individuals and partnership firms whether or not they are required to pay service tax on accrual basis or receipt basis. W.e.f. 1.4.2016, where the assessee is a one person company whose aggregate value of taxable services provided from one or more premises is fifty lakh rupees or less in the previous financial year also requires to pay service tax on quarterly basis through out the current financial year. Monthly payment of service tax in other cases:- The service tax on the value of taxable services received / provided during any calendar month shall be paid to the credi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... March 31 st March 2 Other Cases For the month April 5 th May 6 th May For the month May 5 th June 6 th June For the month June 5 th July 6 th July For the month July 5 th August 6 th August For the month August 5 th September 6 th September For the month September 5 th October ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 31 st March 30 th April ========== F. Due dates for payment of service tax in case of Reverse Charge u/s 68(2) What is the due date of payment of tax in case the liability to pay service tax is on Service Receiver? 1. Specific provision has been introduced in Rule 7 of the Point of Taxation Rules, 2011 , to prescribe that payment of service tax shall be made on payment basis instead of accrual basis. However, where the payment is not made within 3 months from the date of invoice, payment of service tax shall be discharged on accrual basis. In this case the point of taxation shall be date immediately following the said period of 3 months, 2. Further, in case of associated ente ..... X X X X Extracts X X X X X X X X Extracts X X X X
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