Service Tax Returns are to be filed half yearly so two
returns in one year but the payments are made on the basis of category of
service provider either monthly or quarterly.
Ø Quarterly Payments: Individual service providers, Proprietorship service providers,
Partnership firm service providers i.e other than corporate where corporate
signifies only Private limited or Limited Companies only are liable to pay
Quarterly and due date of payment of service tax is 6th day of the
month following the month of quarter ends except for March where the due date
is 31st March of every year for Quarter ended on 31st
March of every year.
Ø 6th of July.
Ø 6th of October.
Ø 6th of January.
Ø 31st of March.
Monthly Payments:
The following types of service taxpayers ie Corporate Service
Tax Assessees need to pay their service taxes every month:
Ø Private Limited / Limited Company
Ø Limited Liability Partnership (LLP).
Ø One Person Company
Penalty for
Late Payment of Service Taxes
If the service tax due from the taxpayer is delayed
then interest is chargeable on such dues
|
Delay in Payments
|
Service Provider having Annual Taxable Services
above 60 Lacs
|
Service Provider having Annual Taxable Services
above 60Lacs
|
|
Payment is
delayed up to 6 months
|
18% Simple Interest on daily basis
|
18% Simple Interest on daily basis
|
|
Payment is delayed for over 6 months but less than 1
year
|
24% Simple Interest on daily basis
|
24% Simple Interest on daily basis
|
|
Payment is delayed for over 1 year
|
30% Simple Interest on daily basis
|
27% Simple Interest on daily basis
|
Filing Service Tax Return Due
Date and Penalties
All the Service Tax Assessees i.e Service Providers or
Service recipients or chargeable to tax under Reverse Charge and having a
Service Tax Registration Number are required by law to file their Service Tax Returns on a Half Yearly basis even if No Tax
is Due.
Services tax payments are to be deposited in Govt
accounts by the assessee (Service Provider) for the provision of services on a
monthly or quarterly basis depending upon the nature of the assessee but the
Service Tax Returns are to be filed on a half-yearly basis by all service tax
assessees.
No matter how many taxable services are provided by
the service provider or service tax payer need only file one Service Tax Return
for every half year for the half year ended on 30th September and
Half Year ended on 31st march of every year.
Due date of Service Tax Return filing is
25th
Oct of every year for the half year ended on 30th September
25th
April for the Half Year ended on 31st March.
Penalty for
delay in filing of Service Tax Return by the due date
|
Late fees for delay up to 15 days from the due date.
|
Rs.500
|
|
Late fees for delay more than 15 days but less than
30days from the due date
|
Rs.1000
|
|
Late fees for delay more than 30 days from the due
date
|
Rs.1000 plus Rs100/- per day after 30 days from the
due date till the date of submission
|
Maximum penalty can be levied Rs.20000/- for any
number of days where exceeds as specified above.
Service Tax Return Form:
·
The tax return
form to be used for Service Tax Return is Form ST-3, or Form ST-3A.
·
The Following
information is to be furnished:
Ø The total value of taxable services & total
Service tax charged or billed for.
Ø The total value of taxable services realized &
service Tax Realised
Ø The total
Cenvat Credit Received and Availed
Ø The total amount of service tax payable / paid.
·
File Service
Tax Return can be mandatory to be filed Online on www.aces.gov.in
·
Service Tax
Return once uploaded can be viewed in 2 business days for any error
·
Service Tax
return Filed can be revised within 90 days from the date of submission of
Original Return
