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
CAclubindia
