What is the procedure for payment of service tax to the Government?
i. 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.
ii. The payment should be made in T.R.6 challans.
iii. It should be in quintuplicate and 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.