on what basis to calculate service tax

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CA ABHAY SHAH (Querist)
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06 April 2011 For the period of jan to march-2011 the service tax is to be calculated on receipt basis or on bill or receipt which ever is earlier

thanks in advance

CS ,CMA Shambhu Kr. jha

CS ,CMA Shambhu Kr. jha (Expert)
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06 April 2011 Actually liability for service tax arises only when we received service Tax from our client .
Service Tax liability calculated only on received basis not on due basis , so what ever service tax you received during this period need to paid before5th of the following months otherwise interest will attract .

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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06 April 2011 For January to March 2011, service tax has to paid on receipt basis. The last date for payment of service tax for that quarter with out interest for non corporate service providers was 31/03/2011.

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