26 December 2012
One the firms is exempted from service tax from 1/7/12 due to applicability of negative list. The firm has rendered its half service in the month of June and the remaining half in July. Is the firm liable to charge service tax on the amount of services rendered in the month of June though the bill is being raised in the month of July only?
26 December 2012
If you have issue the invoice in the month of june then service tax will be applicable on the invoice. If invoice is not made and service is not completed in the june then no need to pay service tax. Please go the point of taxation rules 2011.
CAclubindia
