Basis for payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 May 2010
I am paying service tax on goods transport agency as service receiver ,i want to know whether i have to pay service tax on credit basis or on payment basis or which ever is earlier. please give me reply as soon as possible
Shyam Lal Naik
(Expert)
11 June 2010
Payment basis.
Service tax is payble on receipt basis only. By the same logic, it should be discharged on payment basis, if liability arises under reverse charge basis.
Service tax is payble on receipt basis only. By the same logic, it should be discharged on payment basis, if liability arises under reverse charge basis.
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