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Important Update / News / Due Date

SERVICE TAX RETURN

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Service Tax Return to be file by every Assessee who has been already registered for Service Tax and obtained a Service Tax Registration number (STC) on Half yearly basis. 


Every Assessee is liable to file his service tax return on or before due date, irrespective of taxable services provided in that period or not.

Period of Return

April to September   (Due Date on or before 25th October)

October to March (Due Date on or before 25th April)

Revised Return

File within 90 days of Original Return

Service Tax Rate

14% - Before 15.11.2015

14.5% (14% + 0.5% SBC*) - From 15.11.2015 to 31.5.2016

15% (14% + 0.5% SBC* + 0.5% KKC^)-From 1.6.2016 onwards

*SBC (Swachh Bharat Cess) & ^KKC (Krishi Kalyan Cess) 

 

Payment Date of Service Tax

(Online compulsory w.e.f. 1.10.2014)

For Individual & Partnership (Quarterly Basis)

For Others

(Monthly Basis)

First 3 quarters : Due date on or before 6th of the following quarter

Last quarter : 31st March

First 11 month : Due date on or before 6th of the following month

Last Month : 31st March 

Interest 

on

Late Payment

of

Service Tax

Before 

1.10.2014


From 1.10.2014

To 13.5.2016

From 

14.5.2016 onwards

Simple Interest : 18% P.A

(Note: 3% rebate for small service provider below G.T.O. 60 Lac P.A)

 

Simple Interest

Upto 6 month : 18% P.A

Next 6 month : 24% P.A

Above 1 year : 30% P.A

(Note: 3% rebate for small service provider below G.T.O. 60 Lac P.A)

If Tax Deducted but faliure to deposit in Govt A/c timely - 24% P.A.


Other Cases : 15% P.A.

Penalty for Non-filing of Service Tax Return

For First 15 Days : Rs. 500/-

For 16 to 30 days : Rs. 1000/-

Above 30 days : Rs. 1000/- + Rs.100/- per day

(Note: Maxmium penalty subject to Rs.20000/-)

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