banner_ad

Service tax return

Queries 548 views 3 replies

Dear Sir,

i m working with a patnership firms,my qurey is related to service tax.

We did not file service tax return for period Apr 11 to till now.,how i calculate my service tax becacuse there are two rule-Payment basis and bill basis.

Replies (3)

It is optional to follow both the basis.. You can follow Biling basis from the begining that is from 1st April 2011. In this case calculate ur servic tax liability on billing amount or receipt whichever is earlier.. Last date for filing of service tax return for the period April'11 to September'11 is 25the oct '2011.

Further, in case of partnership firm service tax liability is on quarterly basis..


Regards,

Pinky Agarwal..

thank for reply...

but we hv follow Payment / recived basis in last year.so now what we have to follow

It totlly your choice, U can follow do both either follow accrual basis from the begeining i.e from 1st April'11 or from 1st July'11...


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details