06 January 2015
I am a Technical engineer working with one company on a cosultant basis. I have been raising bill on regular basis i.e monthly to the company against my service for the F/y 1415 and my turnover in the last F/y was less than 50 Lacs. But the company has made payment of bills for the month of April to September on 10.10.2014. Now please explain me when shall my service deemed to be provided and on which date I have to deposit the amount of service tax to government.Moreover, shall my ST3 return will be nill for the first half year if I am deemed to have been provided the above service on 10.10.2014.Please explain with facts and figures of Finance Act.
06 January 2015
In your case as your firm is proprietorship (assumed) and your turnover is less then 50 Lacs your have the privileged to pay tax on cash basis and you would be liable to pay tax on end of oct to dec quarter and will be paid till 06/01/2015.
And your return will be nil for first half if you not received any payment of current or previous year services till half year ending sept 2014 as per my opinion.
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