Serv tax on accrual or cash basis
This query is : Resolved
Kunal Mittal
(Querist)
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.
Rajesh Sharma
(Expert)
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
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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