GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No 16 /2013-Service Tax
New Delhi, the 22nd November, 2013
1 Agrahayana, 1935 Saka
G.S.R (E).-In exercise of the powers conferred by sub-section (1) read with sub-section (2) of section 94 of the Finance Act, 1994 ( 32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994, namely:-
1. (1) These rules may be called the Service Tax Third ( Amendment) Rules, 2013.
(2) They shall come into force on the 1st day of January, 2014.
2. In the Service Tax Rules, 1994, in rule 6, in sub-rule (2), in the proviso, for the words “ rupees ten lakh” , the words “ rupees one lakh” shall be substituted.
F.No: 137/116/2012- Service Tax
(Rajeev Yadav)
Director
ANALYSIS:
The Threshold limit for mandatory e-payment of Service tax duty has been reduced to Rs. 1 lakh against Limit of Rs 10 Lacs previously. Hence where the assessee has paid service tax of Rs 1 Lac or more (via Cash / Cenvat / PLA), he is required to deposit in electronic mode only.
NOTE:
Similar amendment has been carried out in Service Tax Also through Notification no. 15/2013