Payment of Service Tax
This query is : Resolved
02 November 2010
Hello,
sir
I work in a company where the current months freight has not been paid but they arises means the liability of those freight is created, is the service tax is paid for such liability or not because i think the service tax should be paid when the payment is done, please suggest me.
sir
I work in a company where the current months freight has not been paid but they arises means the liability of those freight is created, is the service tax is paid for such liability or not because i think the service tax should be paid when the payment is done, please suggest me.
02 November 2010
It is payable when the freight paid to the GTAs is done. It is not on accrual basis.
02 November 2010
Liability to pay Service Tax arises when payment of Freight is made to Goods Transport Agency.
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