Service tax

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This query is : Resolved

Archana Srivastava (Querist)

30 May 2013 Sir; I have pass entry on 31st March'13 for accrued income on that time service tax not applicable. But from 1st April'13 service tax applicable. Please suggest me, what entry pass when i actual income generate.

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

30 May 2013 Please refer the point of taxation rules for complete application of service tax

Archana Srivastava

Archana Srivastava (Querist)

01 June 2013 Dear Ramesh

please tell me point of taxation rules, in which given the solution.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

05 June 2013 Taxable services has been provided before the change in the effective rate of tax;

i] where invoice has been raised and payment has been received after the change in tax rate - service tax applicability shall be date of issue of invoice or payment which is earlier.

ii] where the invoice has been issued before the change of tax rate and payment has been received after the change of tax rate -service tax applicability shall be date of issue of invoice

iii] where the payment has been received before change of tax rate and invoice has been raised after the change in tax rate -Service tax applicability shall be date of payment.

Archana Srivastava

Archana Srivastava (Querist)

06 June 2013 Thanks Dear Ramesh,

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