25 December 2011
I have raised a bill in the month of April 2011 on which service tax was charged. I have not the received the payment of the bill till date. Now since service tax payment is to be made on accrual basis from 01.07.2011. Whether I am liable to deposit the service tax on the same.
28 December 2011
Service tax department will not wait till you received the money so while bill raised amount should be deposited within prescribed periods.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
30 December 2011
But Sir service tax has been made on accrual basis from 01.07.2011. And after raising my query I interpreted for Rule 9 of Point of Taxation Rule 2011 that service tax will be on paid when payment is received since bill is raised in April 2011. I would just like to know whether my interpretation is correct on the same.
CAclubindia
