Accural basis or payment basis
This query is : Resolved
Nitin G Haldikar
(Querist)
06 August 2011
Sir,
I am provideing maintaning serivces bill is also given but i have not received the payment of that services then i have to pay the serivces or wait for payment.
Nitin Haldikar
I am provideing maintaning serivces bill is also given but i have not received the payment of that services then i have to pay the serivces or wait for payment.
Nitin Haldikar
sachin alwadhi
(Expert)
06 August 2011
NO U HAVE TO PAY SERVICE TAX. FROM 01-04-2011.THERE IS AMENMENTS IN SERVICE TAX RULES THAT SERVICE TAX LIABILITY ON ACCURAL BASIS NOT ON RECEIPT BASIS
CMA Ramesh Krishnan
(Expert)
06 August 2011
Notification No. 18/2011 – Service Tax provided from 1.4.2011 onwards point of taxation will be accrual basis.
06 August 2011
Transition period benefit given upto 30/06/2011. From 1/7/2011, ST has to be paid on due basis.
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