Date of payment under rule 2a of pot rules, 2011
This query is : Resolved
10 October 2012
What will be the date of payment in given case.
1) Payment received through cheque on 31st March, 2012 and on same date entry has been made in books.
2) Payment has been credited in banks on 5th April 2012.
3) Change in rate of service tax with effect from 1st Aril (from 10% to 12%)
My main problem is that there was a Sunday on 1st April, so whether for the purpose of reckoning credit in bank account within 4 days from the date of change in rate of service tax shall be taken from 1st April or 2nd April?
Thanks in advance for giving your valuable advice.
1) Payment received through cheque on 31st March, 2012 and on same date entry has been made in books.
2) Payment has been credited in banks on 5th April 2012.
3) Change in rate of service tax with effect from 1st Aril (from 10% to 12%)
My main problem is that there was a Sunday on 1st April, so whether for the purpose of reckoning credit in bank account within 4 days from the date of change in rate of service tax shall be taken from 1st April or 2nd April?
Thanks in advance for giving your valuable advice.
11 October 2012
The Rule in itself is very clear as Rule @A(A)(ii) states that the credit in the bank account is after four WORKING DAYS from the date there is change in effective rate of tax...
As per querry as 1st April is Sunday , four days will be taken from 2nd April...
Hope this will settle the issue...
As per querry as 1st April is Sunday , four days will be taken from 2nd April...
Hope this will settle the issue...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- SFT Cash Deposit in Current Account
- Annual return in Gst
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
