Please Help: service tax
Posted Date : 30-Jun-2011 , 12:19:55 pm | Posted By: Sashi
Category :
Service Tax | Answers :
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Comments :
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Service Tax now payable on Billing basis wef-01-07-2011. pl explain |
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Answers:
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 Answer by: PRIYANKA |
| Dear sashi, earlier service tax used to be paid on reciept of particular payment no matter when u raised bill for that particular service..for eg.u raised bill of Rs. 20000/- to a party in dec 2010 but payment is recieved in April 2011 so in that case service tax was to be paid till 5th may if on monthly basis and 5 th july if on quarterly basis on that particular bill. but now after this amendment, service tax will have to be paid when bill is raised and not when payment is recieved..taking the above example it would have to be paid till 5 january as per new notification in both cases either if it had to paid monthly or quarterly.
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| Answer by: Vikash Kumar Jha |
| Agree with priyanka
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| Comments |
| Posted By : Sashi |
02-Jul-2011, 01:04:55 |
| thanks, aap ne bht acche se explain kiya. |
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