Service Tax Payment Due Dates

Service Tax Payment Due Dates

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Service Tax Payment Due Dates

Persons and businesses that provide taxable services are required to collect and remit service tax to the Government at the service tax rate specified in the Act. Service tax registration is mandatory for any person or businesses that provides taxable services in excess of Rs.9 lakhs per year. Currently service tax is levied at 14% and those persons or businesses that provide taxable services of less than Rs.10 lakhs are exempted from collecting and paying service tax dues. In this article, we mainly look at service tax payment due dates and procedure for making service tax payment in India.

Service Tax Payment Due Dates

Service tax payment due dates could either be quarterly or monthly. The following is the service tax payment due dates for different types of entities in India:

Service Tax Payment Due Dates Chart
Service Tax Payment Due Dates Chart

Individual Service Tax Payment Due Dates – Quarterly Payment

For individuals providing taxable services, service tax payments are due quarterly. If the service tax payment is paid electronically through internet banking, then service tax payments are due on the 6th of July, 6th of October, 6th of January and 31st of March. If service tax payment is paid by any other manner, then service tax payments are due on the 5th of July, 5th of October, 5th of January and 31st of March for individuals.

Proprietorship Service Tax Payment Due Dates – Quarterly Payment

For proprietorships providing taxable services, service tax payments are due quarterly. If the service tax payment is paid electronically through internet banking, then service tax payments are due on the 6th of July, 6th of October, 6th of January and 31st of March. If service tax payment is paid by any other manner, then service tax payments are due on the 5th of July, 5th of October, 5th of January and 31st of March for proprietorships.

Partnership Service Tax Payment Due Dates – Quarterly Payment

For partnership firms providing taxable services, service tax payments are due quarterly. If the service tax payment is paid electronically through internet banking, then service tax payments are due on the 6th of July, 6th of October, 6th of January and 31st of March. If service tax payment is paid by any other manner, then service tax payments are due on the 5th of July, 5th of October, 5th of January and 31st of March for partnership firms.

Private Limited Company Service Tax Payment Due Dates – Monthly Payment

For private limited company providing taxable services, service tax payments are due monthly. If the service tax payment is paid electronically through internet banking, then service tax payments are due on the 6th of every month and 31st of March. If service tax payment is paid by any other manner, then service tax payments are due on the 5th of every month and 31st of March for private limited company.

Limited Liability Partnership (LLP) Service Tax Payment Due Dates – Monthly Payment

For Limited Liability Partnership (LLP) providing taxable services, service tax payments are due monthly. If the service tax payment is paid electronically through internet banking, then service tax payments are due on the 6th of every month and 31st of March. If service tax payment is paid by any other manner, then service tax payments are due on the 5th of every month and 31st of March forLimited Liability Partnership (LLP).

One Person Company Service Tax Payment Due Dates – Monthly Payment

For One Person Company (OPC) providing taxable services, service tax payments are due monthly. If the service tax payment is paid electronically through internet banking, then service tax payments are due on the 6th of every month and 31st of March. If service tax payment is paid by any other manner, then service tax payments are due on the 5th of every month and 31st of March for One Person Company (OPC).

Service Tax Return Due Date

All persons or entities liable to pay service tax or having service tax registration must file service tax returns. Entities having service tax registration are mandatorily required to file service tax returns. Service tax return must now be e filed. Service tax returns are due on 25th of April and 25th of October, each year. IndiaFilings can help you file Service Tax Return. Know more about Service Tax Return Filing on IndiaFilings.com.

Procedure for Making Service Tax Payment

Service tax payment must be made through GAR-7 challan. In case service tax payment is made through cheque, then the service tax payment date is the date of presentation of cheque in Bank – subject to realization. Service tax payment must be electronically for most service tax Assessees. If the Assessee has paid a total service tax of Rs.1 lakh or more including the amount paid by utilization of CENVAT credit, in the preceding financial year, then service tax payment must be made mandatorily through internet banking.

Penalty for Making Late Service Tax Payment

If service tax payment is not paid within the service tax payment due date, then a penalty is payable. Currently late service tax payment must be paid with a simple interest at the rate as specified below:

  • Late Service Tax Payment – Upto Six Months Late Payment – 18%
  • Late Service Tax Payment – Six Months to One Year Late Payment – 24%
  • Late Service Tax Payment – More Than One Year Late Payment – 30%

If the assessee is a service provider, whose value of taxable services provided in a financial year does not exceed Rs.60 lakhs, then the penal interest rate is reduced by 3%.

Fore more information about Service Tax Registration or Service Tax Filing, visit IndiaFilings.com.

Comments (4)

Yash Parekh

Jul 02, 2015 at 6:36 PM

Limited liability partnership is treated as a normal partnership and hence will pay service tax quarterly.
Kindly correct the information

Reply

Manish

Oct 04, 2015 at 5:48 PM

Very Helpful article. Thanks for sharing useful information

Reply

ramu

Apr 18, 2017 at 5:45 PM

sorry please provide correct information what before service tax after service tax only service tax word use but no particulare information is not there. sorry please close this site argent bad information

Reply

manimekala

Apr 19, 2017 at 10:29 PM

if the service tax payment is delayed by 20 days, is the penalty additional 18 % of the total service tax payable . please let me know

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