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).
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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Condonation . E-Verification of last year return .
- TDS Return Q1 FY 2026-27
- Management System (IMS)
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- DIN reactivation
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
