Payment of service tax
This query is : Resolved
04 November 2013
Sir,
Rule 6 of the service tax Rules 1994 says in case of individuals or partnership firms whose aggregate value of service provided in the previous financial year was 50 lakh rupees or less, service tax can be paid on receipt basis and not on invoice basis.
This means service tax assesseis other than individuals and partnersip firms i.e. companies and others are required to pay the service tax on monthly basis and on invoice basis even if the payment is not received from the customers.
experts please guide and oblige.
Rule 6 of the service tax Rules 1994 says in case of individuals or partnership firms whose aggregate value of service provided in the previous financial year was 50 lakh rupees or less, service tax can be paid on receipt basis and not on invoice basis.
This means service tax assesseis other than individuals and partnersip firms i.e. companies and others are required to pay the service tax on monthly basis and on invoice basis even if the payment is not received from the customers.
experts please guide and oblige.
04 November 2013
As per proviso to rule 6, the option to pay on receipt basis applies to individuals and partnership firms only.
06 November 2013
Thanks sir
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
- ITR-Capital Gain
- CLOSING STOCK QUERY
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Sale of Mutual Funds In Diffirent Financial Years
- ITR 44AD SECTION
- Missed TDS
- Loss of interest in PF transfer from EPFO to Trust
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- NRI INSURANCE ADVISOR
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
