25 March 2010
I have the following queriy w.r.t Service Tax:
Service Tax is payable on receipt basis. Say:
Amount (Rs) 100 Add: Service Tax(say) 12 Total Invoice 112 Less: TDS deducted(say) 10 Bank Receipt 102
In the above example, how much service tax should be remitted & when? Like should the Company remit full service tax on receipt of Rs 102/- or else proportionately on the receipt of the Rs102/- & balance on receipt of TDS Certificate. I was basically worried as TDS certificates are received later.
Kindly provide your views(Please refer notifications/case if any)
25 March 2010
You have to deposit complete service tax to the tune of Rs 12 by the 5th of the succeding month in which payment is received if you are a proprietor ship or partnership concern then tax has to be deposited quarterly.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
26 March 2010
Do we have any case laws or notifications for the same?
CAclubindia
