Service tax payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 April 2015
Dear all
can i pay service tax on receipt basis. if yes then how can please explain with an example....
plz reply...
can i pay service tax on receipt basis. if yes then how can please explain with an example....
plz reply...
21 April 2015
From 01st April 2012, all the individuals and partnership firm (including LLPs) service providers whose turnover is Rs.50 lakh or less in the previous financial year, have an option to pay service tax on receipt basis upto Rs.50 Lakhs taxable value. Beyond 50 lakhs, service tax will have to be paid on the accrual basis on the basis of issue of invoice.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
21 April 2015
Dear sir
i think to opt ST payment on receipt basis will i have to follow the point of taxation rule or not if yes which rule have to follow..
i think to opt ST payment on receipt basis will i have to follow the point of taxation rule or not if yes which rule have to follow..
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