S.Tax on Late/Delay payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 December 2010
Is the Service tax laibility arise on the amount received as Late/Delayed Payment of the clients(Specially in case of Stock broker)?
If Yes ,under which category and any circular/notification on it.
If Yes ,under which category and any circular/notification on it.
21 December 2010
Sir, Service tax is payable on cash basis.So you have to pay the tax only on receipt of payment.
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 December 2010
CA Shaileshji please tell me the catogery /circular/notification where it is mentioned that late/delay payment is chargeable to service tax.My query is the above mentioned part and not cash or accural basis.please do reply in this context
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
- Fixe term employment
- Is any professional CA is here please reply
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Section 50-fixed asset-->building ceases to exist
- Gift Received from nonblood relative
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Putting a heading on received mail
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
