13 January 2012
Service Tax was payable based on Payment basis in the F.Y 2010-11. and as per Amendment, Service Tax is now payable based on billing. My query is that, even though it is to b paid based on billing from 01.04.2011 what about the liability of Service Tax to b paid on receipts against billing of Previous year. I mean when is the Service Tax realised on realisations of previous year's billing liable to b paid??
CAclubindia
