Serv tax on accrual or cash basis
This query is : Resolved
02 March 2015
We are a company who gets rent income. According to new provisions of the budget do we deposit Service Tax on accrual or Cash basis.
05 March 2015
Hi Kunal,
As per the Point of Taxation Rules, the taxability is receipt or raising of invoice whichever is earlier. This is effective from July 2012.
Regards
Rajesh Sharma
+91 99 205 345 95
nspandcompany@gmail.com
As per the Point of Taxation Rules, the taxability is receipt or raising of invoice whichever is earlier. This is effective from July 2012.
Regards
Rajesh Sharma
+91 99 205 345 95
nspandcompany@gmail.com
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Offsetting interest income against derivative trading losses
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Application of 115BAC
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
