- Value of Taxable services-10.30% on Gross amount charged from customers.
- Tax Deposited- for Prop/ Partnership firm & others
Date of Tax deposit- Quarterly
For 1st Quarter (April to June)……………………………….Up to 5th July
For 2nd Quarter (July to Sep)………………………………..Up to 5th Oct
For 3rd Quarter (Oct to Dec)…………………………………up to 5th Jan
For 4th Quarter (Jan to Mar)…………………………………Up to 31st Mar
.
|
| For Company |
Date of tax deposit – Monthly
Date of Tax Deposit- up to 5th of every month but March tax up to 31st March |
| Due date for filling of Service tax Return: |
Each half-yearly return should be submitted within 25 days from the end of half year period
Half Year period |
Due date |
April to September |
25th October |
October to March |
25th April |
|
| PENALTIES |
| Penalty Interest on Service Tax Liability @ 15% per annum in case of TO is less then 60Lac and 18 % in case of more than 60Lac andRs 200 or more per Day as the case may be. |
Note – EVEN in case of ‘NIL’ service provided, the service tax return is compulsory to be filed. |
| Mandatory Penalty for Late filing of ST-3 Return |
Sl. No. |
Period of Delay from the prescribed date |
Penalty |
1 |
15 days |
Rs.500/- |
2 |
Beyond 15 days but not later than 30 days |
Rs.1000/- |
3 |
Beyond 30 days |
Rs.1000/- plus Rs. 100/- for every day from the thirty first day till the date of furnishing the said return |
|
Documents required for filling service tax return |
- Service tax is to be filled in FORM ST-3 in Triplicate (3copies)
- Copy of challan (GAR-7)
|
Filling of revised return of service tax |
| An assessee may submit revised return in form ST-3 to correct a mistake, within the period of 90 days from the date of submission of return. |
