What is the procedure for payment of service tax to the Government?
Ans. • Every assessee should make the payment of Service Tax for the month or the quarter as the case may be before the 25th of the following month/quarter, through the designated Banks of the respective Central Excise Commissionerates. • The payment should be made in T.R.6 challans. • T.R.6 challans should be in quintriplicate. T.R.6 challans should be of yellow colour. • If the payment is made after prescribed date, then assessee is liable to pay the interest at the simple rate of 1.5% per month or part of the month by which payment has been delayed.
