TaxTMI 
TaxTMI 
Deposition of service tax
mahesh nandwani
d/sir one of my clients, who is an association of persons, has taken some sheds on rent which are given to its members for use. Pl Confirm, whether In this case, net balance of service tax paid and collected will be depostied to the deptt. thanks
Service Tax Clarification: Net Balance of Service Tax Must Be Deposited, Using Form TR-6/GAR-7, by Due Date An association of persons renting sheds to its members inquired about the deposition of service tax. The responses clarified that the net balance of service tax, calculated as the difference between the service tax collected and the service tax paid (considering cenvat credit), must be deposited to the department. It should be paid using form TR-6/GAR-7 by the due date. (AI Summary)