Dear All,
Please advise if we receive some income which is liable under service tax but we do not raise invoice or debit note for the same . Can we are liable to deposit service tax without raising bill . If yes then when this tax should be deposited to department , after receipt of such income or in the month of providing for such income.
In our case we are making purchases from the parties and also receiving some amount as display income from them which is adjusted from the payment to be made against purchases. As we are liable to service tax on such diaplay income so we are creating liability in the month in which we are adjusting from payment against purchases.
Kindly advise on the treatment of service tax .
CAclubindia
