i am service provider and i had raised invoice in the month of june 2013. wch includes service tax Rs.1123600/-
the same amount is realised in the month of december. when am i liable to pay service tax
Menu
Payment collection later on
Replies (3)
The answer depends on your turnover/gross receipts in the preceding financial year. If it was less than or eqaul to Rs. 50 lakhs, you can pay tax on receipt basis and hence the due date shall be
05th of January 2014. Otherwise the due date shall be 05th July 2013
As point of taxation rule.
Due date shall b the earliest of the following
1.date of invoice if invoice issued within 30 days from the date of provision of service
2. Date of payment.
Wichever is earlier.
So u must have to consider ur date of provision of service.. if u have issued invoice withing 30 days from provision of service thn ur due date will be "5th july 2013"..
Thnx and regards.
Recent Topics :
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
- TDS on rent paid to RNOR Landlord. Can RNOR US tax
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
- Advance Tax Due Date 2026
- Query – Interest on Capital Received by Part
Related Topics :
CAclubindia
