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Serv tax on accrual or cash basis

This query is : Resolved 

02 March 2015 We are a company who gets rent income. According to new provisions of the budget do we deposit Service Tax on accrual or Cash basis.

05 March 2015 Hi Kunal,

As per the Point of Taxation Rules, the taxability is receipt or raising of invoice whichever is earlier. This is effective from July 2012.

Regards

Rajesh Sharma
+91 99 205 345 95
nspandcompany@gmail.com



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