Payment of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 December 2012
What is the criteria of service tax payment? and when it is paid on invoice basis and when it is paid on receipt basis.
01 January 2013
i) Generally service tax has to be paid on accrual basis.
ii) Exceptions are for CA, CS, CWA, Advocate, Interior Decorators, Architect, Scientific or Technical Consultants, Consulting engineers whose turnover does not exceed 50 Lakhs in previous financial year.
ii) Exceptions are for CA, CS, CWA, Advocate, Interior Decorators, Architect, Scientific or Technical Consultants, Consulting engineers whose turnover does not exceed 50 Lakhs in previous financial year.
04 January 2013
Now every thing is on invoice basis whether you collect it from the customer or not you have to pay it on accrual basis. The exceptions has been given by the expert and I duly agree with him
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