Accrual or Cash?


This query is : Resolved 

(Querist)
21 June 2011 Now what is the current status for payment of Service tax for individuals for quater ending 30.6.2011? It is to be paid on accrual basis or cash basis?

21 June 2011 for quarter ended 30th june you have option to pay on cash basis.

From 1st July u have to pay on accrual basis except if u are a professional like, CA, CS, icwa or architect.


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