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Due Date for Payment of Service Tax 2016, Service Tax Return Due Date

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Due Date for Payment of Service Tax 2016. What is the due date for payment of service tax?. Service Tax Return Filing Due Date 2017. due date for payment of service tax for ay 2016-17. service tax interest rate due date, Procedure for service tax late payment interest Calculation. Due date for payment of service tax pdf, due date for payment of service tax return, Service Tax Due Dates 2016. In this article you may find everything related to Payment of Service Tax like – Due Dates for Payment of Service Tax, Compulsory ECS payment, Exception from POT Rules, Can Service Tax be paid in Advance?, What is the Manner of Payment of service tax?. Next Service Tax Return Filing Due Date is 25th April 2017.

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Due Date for Payment of Service Tax 2016

Due Date for Payment of Service Tax 2015

Please Note – Due Date for Payment of Service Tax for monthly, Quarterly  or Half Year ending on 31.03.2017 is – 31-03-2017, Please Deposit Tax Before 31st March, 2017. Check Other Months Due Date (Except March Ending) From Below….

As per Rule 6(1) of Service Tax Rules, the service tax shall be paid to the credit of the Central Government before the following due dates

Particulars Company, AOP’s, HUF Individual / Proprietary firm or Partnership firm
Duration Month in which the service is deemed to be provided as per the POT rules Quarter in which the service is deemed to be provided as per the POT rules
Payment by ECS: 6th day of the following month 6th day of the month following the quarter
Payment by any other mode 5th day of the following month 5th day of the month following the quarter
Month / quarter ending march 31st March 31st March Compulsory

Exception: – Service Tax Collected for the month/quarter ending March shall be payable by 31st March of the said calendar year.

Interest on Late Payment of Service Tax

Download Service Tax Interest Calculator in Excel wef 01/03/2016

Download Service Tax Automatic Interest Calculator In Excel

Interest Rate for Financial Year 2016-17

Conditions Rate of Interest
Service Tax collected but not deposited to the exchequer 24%
Other Cases 15%

If in case the value of taxable services of preceding year does not exceeds Rs. 60 Lakhs, then the rate of interest on late payment will be 12%.

[The above changes will come into effect on the day the Finance Bill receives the assent of the President.]

Due Dates For Filing Service Tax Return

Half yearly Return in Form ST-3

Period Due Date
1st April to 30th September 25th October
1st October to 31st March 25th April

For Example

Period Service Tax Return Due Date
April 16- Sept 16 25th Oct 2016
Oct 16-Mar 17 25th April 2017

Late Fees For Delay In Filing Service Tax Return

If the Service Tax Return is not filed before the due date of filing of Service Tax Return, Late Fee shall be liable to be paid as follows

Delay in Filing of Return after Due Date Late Fees
First 15 days Rs. 500
15-30 days Rs. 1000
More than 30 days Rs. 1000 + Rs. 100 per day beyond 30 days
The Maximum Late Fee payable is Rs. 20,000

Compulsory ECS payment:

Every assessee is required to pay tax electronically. AC or DC of Central Excise may for reasons to be recorded in writing, allow the assessees to deposit the service tax by any mode other than internet banking. (N/N 9/14 w-e-f 1-10-14)

Exception from POT Rules

Individuals and Partnership firms whose aggregate value of taxable services provided from one or more premises is < or = Rs. 50 lakhs in the previous FY: The service provider shall have the option to pay tax in the current financial year on actual receipt basis on value of taxable services provided or agreed to be provided by him up to a total of Rs. 50 lakhs.

[Means payment is to be made with reference to month or quarter in which payment is received and not on the basis of POT rules.]

Can Service Tax be paid in Advance?

As per Rule 6(1A) every person liable to pay service tax, may, on his own volition, pay an amount as service tax in advance, to the credit of the Central Government and adjust the amount so paid against the service tax which he is liable to pay for the subsequent period: In such case the assessee shall,-

(i) intimate the details of the amount of service tax paid in advance, to the jurisdictional Superintendent of Central Excise within a period of 15 days from the date of such payment; and

(ii) indicate the details of the advance payment made, and its adjustment, if any in the subsequent return to be filed under section 70 of the Act.

What is the Manner of Payment of service tax?

As per Rule 6(2), the assessee shall deposit the service tax with the bank designated by CBEC, by using GAR-7challan

If the tax is paid by cheque, date of presentation of cheque to the bank shall be deemed to be the date on which service tax has been paid subject to realization of that cheque

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14 comments

  1. what are the due dates of service tax
    i

  2. Dear Sir,

    I am an HUF service tax provider whall will be the payment due date for tax payment either monthly or qtrly

  3. IF DUE DATE OF SERVICE TAX RETURN FILED IS SUNDAY, THEN WHAT WILL BE THE DUE DATE 24TH OR 26TH

  4. I have received the payment on 8th april 2016. Today I have to pay the s.tax amount Rs. 33,350. How can I calculate the interest amount?

  5. Shivam Prajapati

    Hello
    Sir I got S.T in this may. one of my client that i charges ST 52000 and payment cleared in this month. i got the full amount in 3 slave. 1st on 29/3/2016 2nd in 7th may 2016 and last on 30 may 2016. Also i collected other ST in may about 30000. So just wanted to understand when i’ll have to file and pay these amount to Service Tax Department.
    Thank you in advance sir.

  6. As a Partnership Firm if we pay any transporter after 31.3.2016 though the Transporter’s Bill date is
    within 31.3.2016 then what procedure is to be followed regarding payment of Service Tax. Because
    we are paying Service Tax as a service receiver ? Please clarify in details

  7. Hi, I am a little confused by the information here – As a Proprietorship what is the last date for me to pay the service tax for the Quarter Jan-March 2016? Is it 31-03-2016 or 06-04-2016? Your table above seems to give both these days as last date!

    Thank you

    • Hi Naveen

      Quarter Jan-March 2016 is Special Quarter and only for this quarter last date is 31-03-2016, Because March is ending of financial year so last date for march month or Quarter is 31-03-2016 instant of 06-04-2016.

      • Sekar Narayanaswamy

        Sorry to bother you. Because of not having knowledge the service tax is not paid on 31/03/2016. Today I am paying. How to go about it? What is the tax implication?

        • Hi Sekar Narayanaswamy

          We update above article and add new provisions for Interest on late payment of service tax and also provide Automated interest calculator in excel, please re-check article again.

      • pl clarify payment for retainership amount for the month of March is given by the company in the month of April say by 6th, in such a case when i should pay service tax for March.

  8. new kumar transport corp.

    i am a transporter how is it possible to pay service tax in 31 march
    my billing raised up to 12 pm as per market requirement.so please
    guide me what can i do

    • Hi, NEW KUMAR TPT.
      Last date Service tax for march-16 06.04.2016

      Quarter Jan-March 2016 is Special Quarter and only for this quarter last date is 31-03-2016, Because March is ending of financial year so last date for march month or Quarter is 31-03-2016 instant of 06-04-2016.

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