Hi,
Kindly solve my query, i am in confusion related to this issue:
1) We are a limited company, in case of GTA whether the Service tax must be deposited to the Gov. at the time of Liability booking or at the time of actual payment to the transporter, who is providing services to us.
For example: The transporter has provided us services and given us the freight bill lets say, on the month of Oct 08 and on Oct 08 we have created the liability in our books but we are actually making payment to the transporter on the month of Dec 08. Whether in this case we will deposit service tax on Oct 08 ( or we can say by 5th of Nov 08) or we will deposit the service tax on Dec 08( or we can say by 5th of Jan 09).
2) If we are paying advance to the transporter than at that time whether we will deposit the service tax proportionately to the Gov. on that advance payment.
Regards
Manish Kr. Joshi
CAclubindia
