Service tax
This query is : Resolved
seema chouhan
(Querist)
22 August 2009
In income tax u/s 139 in 3cd report we have to mention the o/s indirect taxes details but in service tax we take book the tax when raise the bill but the service tax paid when collection is receive from party then we take the service tax exps. or not ?
CA. B.SRINIVASULU
(Expert)
22 August 2009
Here service tax outstanding means the service tax collected and payable by you on cash basis.(accrual basis of bills will not come here).
sivadas chettoor
(Expert)
22 August 2009
WHAT YOU WILL HAVE TO SEE IS WHETHER A LIABILITY HAS BEEN CONTRACTED BY YOU DURING THE PERIOD UNDER CONSIDERATION. THEREFORE, SO FAR AS SERVICE TAX IS CONCERNED THAT LEVY GETS ATTRACTED WHEN YOU RECEIVE THE AMOUNT TOWARDS THE SERVICES RENDERED (ADVANCE INCLUDED). aS SUCH YOU HAVE TO PROVIDE ONLY THE ACTUAL LIABILITY THAT HAS BEEN CRISTALISED BUT NOT PAID AS AT THE END OF THAT PERIOD.
SIVADAS CHETTOOR BCOM FCA LLM
siva208@yahoo.com
SIVADAS CHETTOOR BCOM FCA LLM
siva208@yahoo.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Visiting card purchase
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- Equity Share Sale and Purchase
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
