Please Help: Service Tax
Posted Date : 16-Dec-2011 , 02:25:38 pm | Posted By: CA Vinod Kumar
Category :
Service Tax | Answers :
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Comments :
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Is the Accrual rule for payment of service tax is also applicable in case of proprietorship firm ????? |
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Answers:
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 Answer by: Ashish Karundia |
| Dear Vinod,
As per Rule 7 (c) of Point of Taxation Rules, 2011 individuals or proprietary firms or partnership firms providing taxable services referred to in sub-clauses (p), (q), (s), (t), (u), (za), (zzzzm) of clause (105) of section 65 of the Finance Act, 1994,the point of taxation shall be the date on which payment is received or made, as the case may be.
Thus, if the proprietor ship firm is providing services referred to in above, the accural rule i.e. POT Rules is not applicable.
Hope the above suffice.
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| Answer by: Puneet Goyal |
| It will also include the service provided by Consulting Engineer u/s 65(105)(g)
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| Comments |
| Posted By : Puneet Goyal |
16-Dec-2011, 06:38:46 |
| Dear Vinod
Ashish is absolutely right. |
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