due date for payment of service tax

[hubert fernandes]

we were a partnership firm registered under indian partnership act 1932. we have now converted the partneship firm into a LLP under LLP act 2008. whether change from partnership firm under 1932 to LLP under 2008 would require us to pay service tax from quarterly basis to monthly basis

AI Summary

LLPs Transitioning from Partnerships Keep Quarterly Service Tax Payments per Rule 6(1) and 2009 Press Note. A discussion on a forum addresses whether a partnership firm transitioning to a Limited Liability Partnership (LLP) under the LLP Act 2008 must change its service tax payment schedule from quarterly to monthly. The consensus among responders is that both traditional partnerships and LLPs are treated similarly under the Service Tax Rules, requiring quarterly tax payments. Rule 6(1) of the Service Tax Rules and a Press Note from 2009 confirm that LLPs are taxed like regular partnerships, and no change in the tax payment frequency is necessary.