Consideration
This query is : Resolved
Harshal Fifadra
(Querist)
06 November 2014
Is receipt of consideration necessary for service tax liability ?
Mere recording of income in books without receipt of the same is chargeable to service tax ???
Please provide reference.
Mere recording of income in books without receipt of the same is chargeable to service tax ???
Please provide reference.
Amol S Joglekar
(Expert)
06 November 2014
The service tax has now become independent of whether or not amount is received. As and when the bill is raised, the same becomes liable for service tax, whether you receive the amount or not
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