Due Date for Payment of Service Tax for March for RCM

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..... Dear Experts, Please,let me know whether Rule 7 of POT will be applicable in March month also ? For example : Date of availment of service : 21st March 2016 Bill Booking Date : 25th March 2016 Date of Payment : 10th April 2016 Now in above case which date will be due date for payment of service tax ? Will it be 31st March 2016 or 5th May 2016 ? Please, reply ASAP. Re .....

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..... gards Ashish - Reply By Rajagopalan Ranganathan - The Reply = As per second proviso to rule 6 of Service Tax rules, 1994 , the service tax on the service deemed to be provided in the month of March, or the quarter ending in March, as the case may be, shall be paid to the credit of the Central Government by the 31st day of March of the calendar year. As per rule 2A of Point of Ta .....

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..... xation Rules, 2011 date of payment shall be the earlier of the dates on which the payment is entered in the books of accounts or is credited to the bank account of the person liable to pay tax. In your case Bill booking date is 25.3.2016. In view of the above mentioned rule you have to deposit the tax on 31.3.2016. - Reply By surya narayana - The Reply = Dear Friend, You might be clear .....

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..... about quantifying the ST payment for a particular month which is supposed to be paid before 6th of next month through online. But for the month of March the ST payment has to be made on 31.03.2016. About point of Taxation though it is not relevant in the present context, already clarified by Shri. Rajagopaln Ji. Best Regards - Reply By Ganeshan Kalyani - The Reply = The provision is clearly s .....

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..... tated that the liability for the month of March should be paid on or before 31st March itself. Thanks. - Due Date for Payment of Service Tax for March for RCM - Query Started By: - Ashish Bansal Dated:- 29-3-2016 Service Tax - Got 3 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement .....

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..... - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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