Tax Deposition applicability

[Asked by Guest]

Charitable institutions to deposit tax monthly or quarterly

[Surender Gupta]

Charitable institutions being neither individual nor proprietor nor partnership firm, are liable to deposit service tax monthly.

[Madhukar N Hiregange]

The payment of service tax for indivduals and partnership firms is quarterly. All others would be monthly. Therefore charitable institutions I am afraid would have to pay on a monthly basis.

AI Summary

Service tax deposit frequency: charitable institutions must remit monthly while individuals and partnerships remit quarterly.
Charitable institutions are not classified as individuals, proprietors, or partnership firms and therefore fall under the monthly service tax payment obligation; individuals and partnership firms are subject to a quarterly payment schedule.