Service tax is leviable on due basis or receipt basis????

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
27 October 2012 as above question I also want to know about effectiv dates from where such changes made????

In addition to that what is point of taxation ??

27 October 2012 It is date of invoice or receipt basis whichever is earlier.

Effective date 01.07.2012 , Point of Taxation Rules.

27 October 2012 I agree with the expert. All invoices raised before 1.7.2012 shall be treated as per the provisions of old act

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
28 October 2012 thanks ......

but still i have some doubts ??

as per my knowledge i learnt that service tax was levied on accrual basis w.e.f 1.4.11 . may i right ???

29 October 2012 U r also to some extent right. But though the POT Rules were made effective from 1/4/2012, an option was given to assesses to follow cash basis upto 30/6/2012. Accordingly effectively the accrual basis has been compulsorily applied from 01/07/2012.

Hope this would settle the issue....

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
30 October 2012 ok thanks.... salim


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news


Answer Query



Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details