As per provision of Service tax, liability arises in the case of amount received.
What if the service provided does not deposit cheque tentatively, then what ?
Whether Chque date should considered or deposit in to bank should consider?
Menu
Service Tax Amount Received
Replies (1)
Dear Ameet,
1) u r rite in saying that service tax liability arises on receipt of amount EXCEPT IN CASE OF ASSOCIATED ENTERPRISES WHERE LIABILITY ARISES EVEN ON ACCRUAL.
2) DATE OF TENDERING OF CHEQUE TO THE BANK IS CONSIDERED AS "DATE OF PAYMENT" (SUBJECT TO CLEARANCE) i:e If Ch. deposited in Bank on 10.01.2010 & cleared in a/c on 13.01.2010 then 10.01.2009 will be taken as Date of payment.
Recent Threads
- GST Rule 14A for Export of Service with Hypothetic
- GST ON QUERY
- Initimation on AIS
- GST on sponsorship from foreign body corporate
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
Related Threads
CAclubindia
