Due Date for Payment of Service Tax for March for RCM

[Ashish Bansal]

Dear Experts,

Please,let me know whether Rule 7 of POT will be applicable in March month also ?

For example :

Date of availment of service : 21st March 2016

Bill Booking Date : 25th March 2016

Date of Payment : 10th April 2016

Now in above case which date will be due date for payment of service tax ?

Will it be 31st March 2016 or 5th May 2016 ?

Please, reply ASAP.

Regards

Ashish

AI Summary

Service Tax for March 2016 Under Reverse Charge: Payment Due by March 31, Per Taxation Rules A query was raised regarding the due date for service tax payment under the reverse charge mechanism for services availed in March 2016. The question was whether the payment should be made by March 31, 2016, or May 5, 2016. Experts clarified that according to the Service Tax Rules, 1994, and Point of Taxation Rules, 2011, the service tax for March must be paid by March 31. The bill booking date of March 25, 2016, necessitates the tax payment by the end of March, as confirmed by the replies from the forum participants.