Service Tax is cash or accural basis
This query is : Resolved
24 April 2011
Please tell me whats the amount we submitted in service tax (Cash received basis or bill basis)
24 April 2011
Individuals or proprietary firms or partnership firms providing the following taxable services, the point of taxation shall be the date on which payment is received.
o Architects Services (p)
o Interior Decorators Service (q)
o Practicing Chartered Accountants Services (s)
o Practicing Cost Accountants Services (t)
o Practicing Company Secretarys Services (u)
o Scientific and Technical Consultancy Service (za)
o Legal Consultancy Services (zzzzm)
For others on bill basis.
Please see below article it will make the point of taxation rule very clear.
Link:
https://www.caclubindia.com/articles/point-of-taxation-rules-2011-9526.asp
o Architects Services (p)
o Interior Decorators Service (q)
o Practicing Chartered Accountants Services (s)
o Practicing Cost Accountants Services (t)
o Practicing Company Secretarys Services (u)
o Scientific and Technical Consultancy Service (za)
o Legal Consultancy Services (zzzzm)
For others on bill basis.
Please see below article it will make the point of taxation rule very clear.
Link:
https://www.caclubindia.com/articles/point-of-taxation-rules-2011-9526.asp
24 April 2011
Agree with Mr Sanjay Gupta. Just one point to add. For all other services service tax on accrual basis is optional up to 30th June, 2011. Pl refer to Rule 9 in the link provided by Mr Gupta.
25 April 2011
Thanks for your valuable advice.
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