26 December 2014
Dear Sir/Madam, Please resolve my querry for Tax payble for bill generated financial year or for amount receipt year on 15th aprilo of next month. or partly rececieve in march & april.
26 December 2014
As per Section 68 (1) of Finance Act, 1994 read with rule 6 of Service Tax Rules 1994, In case of Individual or partnership firm whose taxable service during the last year does not exceeds 50 lacs the option is available for such assessee to pay service tax at the receipt i.e. on cash basis.
However in other cases Service Tax required to paid on before 31st March, of the year
CAclubindia
