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Point of taxation

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This query is : Resolved

CA.kaya (Querist)

08 May 2013 hello all,

i wanted to know the point of service tax lievy for the following transactions( selling space or time for advertisement)

1) ad hoarding service was given for the month of april may and june 2012 and invoice raised in july 2012

2) hoarding service given for the period june july and aug 2012 and invoice raised in aug 2012

for both payment done in aug sept and oct 2012 in parts

please do reply

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)

23 June 2013 Now a days service tax is to be charged on the accrual basis means the moment you have rendered the services you have to raise the bills and it is not material whether you have received the payment or not you have to make the payment of ST. The mode of raising the bills is wrong as it is to be raised on monthly basis and tax is also to be paid on monthly basis. If you have contract to raise the bills quarterly then there is no problem. Now, what adjectally you want to know is missing

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