Menu
Provision of service tax
If provision of service took place before the service became taxable but payment has been received after service is taxable then is service tax levied or not?
Replies (2)
Where a service is taxed for the first time, then,-
|
(a) |
no tax shall be payable to the extent the invoice has been issued and the payment received against such invoice before such service became taxable; |
|
(b) |
no tax shall be payable if the payment has been received before the service becomes taxable and invoice has been issued within fourteen days of the date when the service is taxed for the first time.] |
in your case as per the above points it is Taxable since payment is received after the service became taxable
What if the invoice was issued before service became taxable but payment was received during taxable period??
Recent Threads
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
Related Threads
CAclubindia
