payment basis

[Guest]

if freight is paid by us,then whether monthly or quarterly or on what basis do we have to pay service tax

[YAGAY and SUN]

Mostly, on monthly basis.

[Mahir S]

The department at the time of Excise Audit may demand payment of Interest and Penalty for service tax payment not made on monthly basis.

AI Summary

Service tax periodicity: freight paid by the payer generally requires monthly payment to avoid interest and penalty. Service tax on freight borne by the payer is generally required to be paid monthly; non-payment on a monthly basis may lead to assessment of unpaid tax along with interest and penalty during an excise audit.