When to account service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 December 2013
We are a trading company of yarn trading.
We have to pay service tax on GTA as service receiver.My query is suppose many bill are raised from month of September to December of which a lump sum payment of Rs 100000
is done in month of January. So when will the service tax amount be recorded in books of account at the time of bill raised or at the time of payment. Please answer this query of mine.Thanks
We have to pay service tax on GTA as service receiver.My query is suppose many bill are raised from month of September to December of which a lump sum payment of Rs 100000
is done in month of January. So when will the service tax amount be recorded in books of account at the time of bill raised or at the time of payment. Please answer this query of mine.Thanks
23 December 2013
it should be recorded when bill is raised or payment made whichever is earlier.
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