NAGARAJAN RAJAGOPALAN (PROFESSIONAL ACCOUNTANT) (54 Points)
28 June 2011I want to pay service tax for the quarter from 1.4.11 to 30.6.11,
my question is," whether i have to pay the service tax on the billed amount (like salestax / vat) or on receipt basis (like old system in service tax upto 31.3.11)"
kindly help me by providing your valuable guidance.
regards
nagarajan
9444333675
bhunesh aggarawal
(Article clearck)
(23 Points)
Replied 28 June 2011
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
hemant
(job)
(468 Points)
Replied 28 June 2011
Pleaes refer attached file for point of taxation
Mukesh Kumar Singh
(CA-FINAL)
(4094 Points)
Replied 29 June 2011
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
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 29 June 2011
| Originally posted by : praveen | ||
 |
better to pay on billing basis. |
 |
AGREED.
Kushagra
(CA)
(188 Points)
Replied 29 June 2011
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
Vikash Kharvar
(Dy. Manager -F&A)
(469 Points)
Replied 29 June 2011
CAclubindia
