Payment of Service tax -Budget 2011
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 March 2011
Is there any changes in budget 2011 for payment of service tax on quarterly basis on billing ? . If yes,then from when these changes are applicable .
01 March 2011
No there is no such change.
Ashok Asthana
(Expert)
01 March 2011
Note one important change. Till now the liability to deposit service tax was linked to receipt of payment. In the ccurrent budget this provision is being changed. The liability to pay service will arise now as soon as you provide service or raise the invoice. However we are waiting for claification in this regard.
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