What is the time limit for payment of Service tax to the Govt.?
Ans. The service tax on the value of taxable services received during any calendar month shall be paid to the credit of the Central Govt. by the 25th of the month immediately following the said calendar month. However, in cases where the assessee is an individual or proprietary firm or partnership firm, the service tax on the value of taxable services received during any quarter shall be paid to the credit of the Central Government by the 25th of the month immediately following the said quarter.