whether credit amounts to payment

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 March 2010 In business parlance, first the parties bills are credited in the accounts and actual payment is made later by cheque or any other mode.
In such circumstances, which stage shall constitute payment for discharging service tax liability?
The basis of above query is that in the month of march,2010, all transporters bills are being accounted for and the actual payment shall take place later. So in march, service tax is payable on the actual payment amount or on bill amount credited also.

30 March 2010 would be better to pay service tax in credit given month.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
30 March 2010 Dear mr. expert it is not a matter of betterment, exactly what is the legal requirement.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details