Payment of Service Tax
This query is : Resolved
04 July 2011
Dear All,
Budget 2012 come out with the payment of service tax on booking (not on receipt basis). I want to know the
1) Date of Applicable?
2) On which services applicable?
3) What to do on input credit?
4) How to treat the bills raised in previous period not received?
Thanks
Budget 2012 come out with the payment of service tax on booking (not on receipt basis). I want to know the
1) Date of Applicable?
2) On which services applicable?
3) What to do on input credit?
4) How to treat the bills raised in previous period not received?
Thanks
04 July 2011
budget 2012 is still not came in force, still 1 year due.
for upto budget 2011, visit www.servicetaxindia.gov.in
for upto budget 2011, visit www.servicetaxindia.gov.in
05 July 2011
1) It is applicable from 1 July 2011
2) on all output services (exceptions are there for certain services provided by individual and firms, import and export of service)
3) input credit can be taken on receipt of invoice provided payment is made within 3 months by service recipient
4) bills raised prior to 1 July 2011 not covered by new rules.
Pls refer to Point of Taxation Rules, 2011 implemented vide notification 18/2011 - ST for complete rules.
2) on all output services (exceptions are there for certain services provided by individual and firms, import and export of service)
3) input credit can be taken on receipt of invoice provided payment is made within 3 months by service recipient
4) bills raised prior to 1 July 2011 not covered by new rules.
Pls refer to Point of Taxation Rules, 2011 implemented vide notification 18/2011 - ST for complete rules.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- FORM 26A APPLICABILITY
- TDS APPLICABILITY......
- Copyright software
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
