16 December 2015
Sir,Service tax is payable on receipt basis for individuals and firms whose gross receipts in the pre
ceeding FY don't exceed 50 lakhs.What if a service provider follows cash system of accounting and has gross receipts more than 50 lakhs?
17 December 2015
Please refer Rule 6 of STR , 1994 here is the link http://www.cbec.gov.in/resources//htdocs-servicetax/st-rules1994-amended_tillnov2013.pdf;jsessionid=4A9B5DB2CB646E74132D683A2E84EF2A
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