when should make payment
This query is : Resolved
Sudheer J. Sarvate
(Querist)
02 August 2008
If a person deposit cheque into bank on 30th march, and as per paying slip he accounted in the books of accounts. and in bank reconcilation if the cheque remain uncleared.
The credit for same cheque received on 2nd april as per bank statement, then when he has to pay service tax on that.
In the month of March 08 or 05 July 08
The credit for same cheque received on 2nd april as per bank statement, then when he has to pay service tax on that.
In the month of March 08 or 05 July 08
S.Srinivasaraghavan
(Expert)
03 August 2008
He has to pay service tax on the basis of receipt, that is on or before 31st March.
CA Abhishek Tyagi
(Expert)
03 August 2008
Yes the service tax is based on realisation of the amount & not based on the recognisation in the books.
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