Service tax registration and payment rules updated: monthly payments, half yearly returns, provisional assessments, and agent valuation options. The amendment defines 'half year' and 'quarter', expands who is the person liable for service tax for telephone, insurance and clearing and forwarding services, prescribes registration in Form ST 1 within thirty days with centralised billing options and deemed registration if ST 2 is not issued within seven days; replaces payment timing to require monthly payment by the 25th (with a quarterly option for individuals/proprietorships/partnerships), prescribes deposit via Form TR 6, allows pro rata adjustments and provisional assessments with Form ST 3A, grants an air travel agent election to pay on basic fare basis, deems clearing agent value as gross remuneration, and mandates half yearly returns in Form ST 3/ST 3A.
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Provisions expressly mentioned in the judgment/order text.
Service tax registration and payment rules updated: monthly payments, half yearly returns, provisional assessments, and agent valuation options.
The amendment defines "half year" and "quarter", expands who is the person liable for service tax for telephone, insurance and clearing and forwarding services, prescribes registration in Form ST 1 within thirty days with centralised billing options and deemed registration if ST 2 is not issued within seven days; replaces payment timing to require monthly payment by the 25th (with a quarterly option for individuals/proprietorships/partnerships), prescribes deposit via Form TR 6, allows pro rata adjustments and provisional assessments with Form ST 3A, grants an air travel agent election to pay on basic fare basis, deems clearing agent value as gross remuneration, and mandates half yearly returns in Form ST 3/ST 3A.
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