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Service Tax ...

Overview

Challan

Overview -

SERVICE TAX - OBLIGATIONS & TIME LIMIT AT A GALANCE

OBLIGATIONS

FREQUENCY

TIME LIMIT

Payment of Service tax

Monthly(Corporate)

5th of next month

-do-

Quarterly

-do-

Registration

One time

Within 30 days

Grant of certificate of registration

One time

Within 7 days

Return of Service Tax

Half-yearly

Within 25 days of the end of each half year

PENAL PROVISIONS AT A GALANCE
Delayed payment of service tax	Simple interest @ of 13% per annum for the period of delay on the amount by which crediting of tax or any part thereof is delayed.


Failure to pay service tax	In addition to paying S.T & Interest u/s.75 not less than one hundred rupees but which may extend to two hundred rupees for every day during the failure continues. However, the penalty shall not exceed the amount of service tax that the assessee has failed.


General penalty	Penalty which may extend to an amount not exceeding one thousand rupees.