Rule 6 of Service Tax Rule 1994, amended through Notification No. 16/2013

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 1^st 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