Service Tax Payment method from 1.4.11

Dear Sir

                as per my knoeledge service tax will be liable on due basis from 1st july... so for the first qtr service tax will be paid on reciept basis

Pleaes refer attached file for point of taxation

better to pay on billing basis.

Originally posted by : praveen
	better to pay on billing basis.

AGREED.

The remittance of service tax in regards to the Billings/ Services rendered upto 30/06/2011 is given to the option of Tax Payer, he can pay the same either on billing or payment basis.

This is as per Rule- 9 as mentioned in service tax notification no- 25 dated 31.03.2011

Yes !!!!!!!!!!!!!!!!!!!!!!!!!

You have options to Pay Service Tax on Accrual Basis or Receipt Basis whichever is suitable or Convenieance for you till 30.06.2011.

But thereafter w.e.f. 01.07.2011 you should to pay Service Tax only on Accrual Basis.

Regards,

Vikash Kharvar