Servicde tax for Transactions with Sister Concerns
This query is : Open
14 December 2009
Now, as we know that Service tax collected from Sister Concerns should be taken on Accrual basis. But when we take Cenvat Credit on payment made to sister concerns, we take it on Accrual basis or as per Payment basis? Pls advice.
Thank You.
Thank You.
15 December 2009
The Service receiver is entiteled to take CENVAT only on payment basis.
For the Service provider, the liability to pay service tax accrue immediately while services being delivered.
Regards
For the Service provider, the liability to pay service tax accrue immediately while services being delivered.
Regards
Guest
Guest
(Expert)
08 April 2010
Could you please provide me relevant documents?
Awaiting your reply.
Awaiting your reply.
Guest
Guest
(Expert)
08 April 2010
Awaiting your reply.
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