Service tax on receipt basis
This query is : Resolved
16 December 2015
Sir,Service tax is payable on receipt basis for individuals and firms whose gross receipts in the pre
ceeding FY don't exceed 50 lakhs.What if a service provider follows cash system of accounting and has gross receipts more than 50 lakhs?
17 December 2015
HE HAS TO PAY ST ON BILL VALUE AND NOT ON RECEIPT FROM THE CURRENT YEAR.
17 December 2015
Sir,Thank you for the reply.Can you please provide us the relevant section in which the same is mentioned?
17 December 2015
Please refer Rule 6 of STR , 1994 here is the link
https://www.cbec.gov.in/resources//htdocs-servicetax/st-rules1994-amended_tillnov2013.pdf;jsessionid=4A9B5DB2CB646E74132D683A2E84EF2A
https://www.cbec.gov.in/resources//htdocs-servicetax/st-rules1994-amended_tillnov2013.pdf;jsessionid=4A9B5DB2CB646E74132D683A2E84EF2A
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
- About TDS & Income Tax
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Building tax payment deduction in rental Income
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- F & O PROFIT REPORTING FOR AY 2026-27
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
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
