https://www.taxtmi.com/article/detailed?id=1394 Payment of service tax requires the person providing a taxable service to pay the tax at the prescribed rate and within prescribed periods; Section 68 is a payment/recovery provision and does not change the charging mechanism. Liability to remit exists even if the provider has not collected the tax. Designated banks and prescribed challans (G.A.R. 7) or authorized e payment must be used; cheque payments count on realization. Delayed payment attracts mandatory interest, with a reduced rate proviso for small providers. en-us Fri, 19 Aug 2011 22:17:06 +0530 Fri, 19 Aug 2011 22:17:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1394 Payment of service tax requires the person providing a taxable service to pay the tax at the prescribed rate and within prescribed periods; Section 68 is a payment/recovery provision and does not change the charging mechanism. Liability to remit exists even if the provider has not collected the tax. Designated banks and prescribed challans (G.A.R. 7) or authorized e payment must be used; cheque payments count on realization. Delayed payment attracts mandatory interest, with a reduced rate proviso for small providers. Articles Service Tax Fri, 19 Aug 2011 22:17:06 +0530 https://www.taxtmi.com/article/detailed?id=1394