Service tax payment

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mohit (Querist)
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10 November 2012 Is Service tax Payment on accrual basis?

Date of Invoce-10/04/2012
but receipt is not recieved then is there any service tax liability?

Ram Avtar Singh

Ram Avtar Singh (Expert)
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10 November 2012 service tax payable on billing basis from July 1, 2011?
—Jainesh Hemani
The Finance Act, 2011 has introduced with effect from April 1, 2011, Point of Taxation Rules in which, these rules will determine the point in time when the services shall be deemed to be provided. The general rule will be that the time of provision of service will be the earliest of the following dates:
i. Date on which service is provided or to be provided
ii. Date of invoice
iii. Date of payment

Consequential changes have also been made in the Service Tax Rules, 1994 to alter the payment of service tax from receipt of payment to provision of service and also to permit adjustment of tax when service is not finally provided.

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