banner_ad

Service tax for april 2011

1041 views 4 replies

Wheather service tax for the month of April 2011 is payable on invoice basis or receipt basis.

Please clarify its urgent.....................

thanx in advance

Replies (4)

Service Tax payable on Invoice basis from 01-04-2011 as i have personely visited to supretendant of service tax and he is also advise me to do  the same.

INVOICE BASIS

RECTIFY ME IF I AM WRONG

The assessee's have been given an option that they can either pay service tax on receipt basis or can follow point of taxation rules that is to pay service tax either on receipt of money or issue of invoice whichever is earlier upto 30th june.
 

Specified professionals like advocates, architects, CA/CS/CWAs continue to have to pay on receipt basis.

For the balance the POT rules can apply from 1.7.2011. One has an option of going in from 1.4.2011 if they so choose. Large companies may not be interested in having 2 methods within the year and they may choose to do go for it from 1.4.2011.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details