Payment of Service Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 March 2011
Hi Experts/friends,
Whether service tax payable on receipt or accrual basis?
Whether service tax payable on receipt or accrual basis?
CA. RAVIKUMAR
(Expert)
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
Message likes :
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Murtaza I Bhagat
(Expert)
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
CA. RAVIKUMAR
(Expert)
20 March 2011
Yes, form 01-04-2011 onwards we have to pay the service tax on accrual basis
Murtaza I Bhagat
(Expert)
20 March 2011
right, it will from 01.04.2011
CA. RAVIKUMAR
(Expert)
20 March 2011
YES correct
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