Payment of Service tax for the invoices which is due

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Raghav (Querist)
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30 June 2011 Dear Sir,

As per the notification regarding the payment of service tax on accrual basis from July 2011,I need to know that, is this applicable only for new billing which will be done on or after 1st of July 2011 or for all the pending invoices which has not been paid by clients? Is service tax to be paid for all those outstanding invoices along with the new invoices in the month of July 2011? As you know we have not paid service tax on outstanding invoices reason being before July 2011 the payment of service tax was on payment basis.

Kindly suggest the same.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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30 June 2011 Services for which provision is completed on or before 30th day of June, 2011 or where the invoices are issued upto the 30th day of June, 2011, the point of taxation shall, at the option of the taxpayer, be the date on which the payment is received or made as the case may be.
Pl refer notification 25/2011 dated 31/03/2011.

Raghav

Raghav (Querist)
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30 June 2011 Respected Sir,

Thanks to you.

Raghav Jha

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