Service Tax is cash or accural basis
This query is : Resolved
Aman Gupta
(Querist)
24 April 2011
Please tell me whats the amount we submitted in service tax (Cash received basis or bill basis)
24 April 2011
Individuals or proprietary firms or partnership firms providing the following taxable services, the point of taxation shall be the date on which payment is received.
o Architects Services (p)
o Interior Decorators Service (q)
o Practicing Chartered Accountants Services (s)
o Practicing Cost Accountants Services (t)
o Practicing Company Secretarys Services (u)
o Scientific and Technical Consultancy Service (za)
o Legal Consultancy Services (zzzzm)
For others on bill basis.
Please see below article it will make the point of taxation rule very clear.
Link:
https://www.caclubindia.com/articles/point-of-taxation-rules-2011-9526.asp
o Architects Services (p)
o Interior Decorators Service (q)
o Practicing Chartered Accountants Services (s)
o Practicing Cost Accountants Services (t)
o Practicing Company Secretarys Services (u)
o Scientific and Technical Consultancy Service (za)
o Legal Consultancy Services (zzzzm)
For others on bill basis.
Please see below article it will make the point of taxation rule very clear.
Link:
https://www.caclubindia.com/articles/point-of-taxation-rules-2011-9526.asp
24 April 2011
Agree with Mr Sanjay Gupta. Just one point to add. For all other services service tax on accrual basis is optional up to 30th June, 2011. Pl refer to Rule 9 in the link provided by Mr Gupta.
Aman Gupta
(Querist)
25 April 2011
Thanks for your valuable advice.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
