19 April 2008
Hi dear all, i want to know if any service provider provide the services and charge service tax in his invoices, now when this service tax should be paid by him? a) 5th day of following month when he debited the amount to service receiver?
or b) 5th day of following month from received the payment.
i.e. a service provider billed to his cutomer on 15th feb. but payment received on 8th jun. when should service tax to be paid in Govt. treasary on 5th Mar or on 5th July.
19 April 2008
Payment of service tax is based on receipts and payments
In your case service tax liability will have to be paid only after receipt of payment
for eg. you have raised a bill on 15th Feb and the bill gets paid on 8th June
Then you have to pay service tax to the government treasury on 5th of July if paid in cash or if paid through electronic medium i.e. e-payment then on 6th of July 2008 in the instance case
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