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
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
- Opting our of sec 44AD
- Form 121 & TDS deduction
- GST Treatment of Insurance Commission for Existing GST Holder
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Invoice V/S Goods receipt Note Date
- Regarding appeal to GSTAT
- Multiple trade mark
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Filing of MSME 1 form by companies
- 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
