01 - Due dates

Yes. In case of individuals and partnership firms whose aggregate value of taxable services provided from one or more premises is fifty lakhs rupees or less in the previous financial year, the service provider shall have the option to pay tax on taxable services provided or agreed to be provided by him up to a total of rupees fifty lakhs in the current financial year, by the dates specified in this sub-rule with respect to the month or quarter, as the case may be, in which payment is received.

Also in case of reverse charge i.e. where liability to pay service tax is on service receiver, service tax payment is allowed on cash i.e. payment basis. However if payment is not made in 3 months from the date of invoice , point of taxation shall be date immediately following the said period of 3 months.

Cash-basis service tax: optional payment on receipt for small providers and payment-trigger rules under reverse charge. Individuals and partnership firms below a prescribed turnover threshold in the previous financial year may opt to pay service tax on taxable services in the current year on a cash-receipt basis for supplies up to that threshold, with tax due in the month or quarter in which payment is received. Under the reverse charge mechanism, the service recipient may also discharge tax on a payment-received basis, but if payment is not made within a specified period after the invoice date the point of taxation shifts to the date immediately following that period.