Service tax
Querist : Anonymous
my turnover is below the 50 lacs. and i want to deposit the service tax on the receipt basis. please tell me in the receipt basis. should i charge 12.36% ST in the bill.
plz clarify...
Querist : Anonymous
is there any restriction to opt receipt basis. if yes then what kind of restriction plz explain...
So you can pay Service Tax on Receipt Basis. Charge ST in Bills and Pay Service Tax when payment is received.
http://www.icaiknowledgegateway.org/littledms/folder1/chapter-6-service-tax-procedures.pdf
Querist : Anonymous
to opt service tax payment on receipt basis . i also have to follow the point of taxation rule. suppose if i have issue the invoice on 20/4/2015 and payment is receipt on 20/7/2015.
as per my above Query which date is to be booked for POT, and what will be the due date for ST payment whether 5/7/2015 or 5/10/2015.
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