Service tax payment under rcm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 April 2015
Dear all expert
my client is engaged in partnership firm having turnover exceed 50 lacs, a contract was awarded to me client for that contract he is issuing invoice charging 50% ST under RCM.
but i have a Query in my mind as below under..
suppose if the invoice issue date 24/4/2015
payment receipt date is 30/8/2015
in this above situation the payment is made within six month but beyond three month
as per rule 10 what will be the due date for service tax payment . immediately completion of three month 27/7/2015.
please clarify this above Query...
my client is engaged in partnership firm having turnover exceed 50 lacs, a contract was awarded to me client for that contract he is issuing invoice charging 50% ST under RCM.
but i have a Query in my mind as below under..
suppose if the invoice issue date 24/4/2015
payment receipt date is 30/8/2015
in this above situation the payment is made within six month but beyond three month
as per rule 10 what will be the due date for service tax payment . immediately completion of three month 27/7/2015.
please clarify this above Query...
24 April 2015
As the turnover is more than 50 lacs service tax has to be paid on accrual basis.
For the invoice issued on 24/4/2015 it has to be paid on 5th/6th July 2015(quarterly payment).
For the invoice issued on 24/4/2015 it has to be paid on 5th/6th July 2015(quarterly payment).
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