22 October 2011
We are paying the service tax on the basis of receipt of service tax from the customer. and in service tax return also, we are showing the taxable value,which we received (not on the basis of bill raised)
As per new notification applied from july'11,we have to pay the service tax as soon as the bill raise.
Can you please guide me how to show the taxable value in FY 2011-12, 1st half yearly return.
(Example- For the bill raised in the month june'10 of100000/-, i have received the amount in april'11.
In ST 3 of FY 2010-11 (in april'10 to sept'10) we have not shown the same 100000/-.
29 October 2011
for services rendered before the notification i.e.e july 11 you need to follow the old rule i.e. on receipt basis. for the services rendered after july 11 follow accrual basis.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
31 October 2011
Thanks, Mr. Aditya. Can you please tell me, whether i have to file two separate return.?
CAclubindia
