hello everyone
I have a simple doubt my friends regarding service tax liability
Question is what would be my service tax liability, if suppose i raised a invoice or bill for say 112.36 (100+12.36 service tax), but i never got the amount.
As per Point of taxation, i would be liable to pay the service tax soon after expiry of 30 days from issuing the invoice
so i m littlebit confused
please help me out if possible
Dear Vineet
As per point of Taxation rule
Invoice Issued after completion of Services within 30 days
Point of Taxation: - Date of Invoice Issued or date of payment received whichever earlier.
Invoice issued after completion of service but after laps of 30 days
Poinr of Taxation: - Date of complation of services or date of receipt of money whichever earlier.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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