Sarvice Tax Payment
This query is : Resolved
CMA Chandan Singh
(Querist)
30 June 2011
Do we need to deposit the service tax on accrual basis on invoices raised before 01.04.11?
Suppose we have raised invoices in 2010-11 for Rs 10000/- ( service tax amount is Rs 1030/-).My qury is whether I need to deposit the service tax of Rs 1030/- though the invoice is still outstanding till date.i.e . 30.06.11.
Suppose we have raised invoices in 2010-11 for Rs 10000/- ( service tax amount is Rs 1030/-).My qury is whether I need to deposit the service tax of Rs 1030/- though the invoice is still outstanding till date.i.e . 30.06.11.
Bhavesh Gupta
(Expert)
05 July 2011
Service tax on invoices raised prior to 1 July 2011 is payable on payment basis i.e. it is not covered under new rule
CMA Chandan Singh
(Querist)
06 July 2011
S Tax on invocies raised prior to 1st april 2011 is payble on receipt basis & from 01.04.11 it is payble on accrual basis.
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