interest on service tax payment by quarterly basis.

[Guest]

dear sir

we produce plastic bag or pouch and plastic film under chapter heading 39.

now we are paid service tax on inward and outward transportation through monthly basis by every month before 5th.

but my query is if we are paid above service tax on quarterly basis so only service tax paid or with interest paid.

please advise

thanks a lot

@ Bharat Patel

[DR.MARIAPPAN GOVINDARAJAN]

Service tax is payable on monthly basis. You are not having option to pay it quarterly.

[Mahir S]

Yes sir, if you have paid service tax on quarterly basis, then you have to pay service tax with interest.

[DR.MARIAPPAN GOVINDARAJAN]

My sincere advice is not to have option to service tax quarterly. Interest payment is a separate issue. Penal provisions will attract for failure to pay the service tax.

[chetan rachhadiya]

Dear Expert,

my client runing partnership firm and filing excise return on quarterly basis than service tax payment should be on monthly basis or quarterly basis.

[PAWAN KUMAR]

Dear Sir,

As per my view, if you are paying service tax monthly, please continue to pay.

Dear Chetan Ji,

The liabiltiy for partnership firm is on quarterly basis.

[Mahir S]

Yes sir, Partnership firm has to make service tax payment of quarterly basis, as explained above.

[YAGAY and SUN]

Dear Bharat,

Individuals and Partnership Firms are under obligation to pay the Service Tax on quarterly basis.

Regards,

Neelam Taneja, [Executive Consultant] in YAGAY and SUN

Management, Business and Indirect Tax Consultants

AI Summary

Service tax payment frequency: monthly default; individuals and partnerships may remit quarterly but interest and penalties apply for delay. Service tax is generally payable monthly; Individuals and partnership firms may remit on a quarterly basis, but quarterly payment does not avoid interest or penal provisions arising from delayed or untimely payment.