Reverse charge mechanism
This query is : Resolved
14 August 2015
as a receiver of service of goods transport agency we are liable to pay service tax under reverse charge mechanism quarterly as it is firm.
suppose I receive service in june 2015 and transporter has raised bill on 30/06/2015 which has been received in my hand on 07/07/2015 and I also book that invoice on 07/07/2015 .
my question is that when I Pay service tax as it is june month bill and I received in july.
suppose I receive service in june 2015 and transporter has raised bill on 30/06/2015 which has been received in my hand on 07/07/2015 and I also book that invoice on 07/07/2015 .
my question is that when I Pay service tax as it is june month bill and I received in july.
14 August 2015
Your service tax liability arises on the date of payment of the bill i.e is on July.
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