Payment of Service Tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 March 2011 Hi Experts/friends,
Whether service tax payable on receipt or accrual basis?

19 March 2011 W.e.f. 01.04.2011, service tax would be payable on accrual basis instead of receipt basis as amendment made in union budget 2011

20 March 2011 agreed, first it was on receipt after P M (F.M) Budget speech he told to pay on accural basis not on receipt basis

20 March 2011 Yes, form 01-04-2011 onwards we have to pay the service tax on accrual basis

20 March 2011 right, it will from 01.04.2011

20 March 2011 YES correct


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