Service tax payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 April 2015
Dear all
for opting the service tax payment on the receipt basis. the receipt in the previous FY should be more then 50 lacs or less then 50 lacs
plz reply..
for opting the service tax payment on the receipt basis. the receipt in the previous FY should be more then 50 lacs or less then 50 lacs
plz reply..
13 April 2015
Less than 50 Lacs. according to Point of Taxation Rules, 2012.
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 April 2015
OK.sir
if i opting ST payment on receipt basis.
suppose i have issue the bill on 30/6/2015. and service tax payment due date is 5/7/2015. but if the debtor has paid this bill amount on 20/7/2015. in this case as per receipt basis when will be ST payment liability whether on 5/7/2015 or on 5/10/2015
please reply...
if i opting ST payment on receipt basis.
suppose i have issue the bill on 30/6/2015. and service tax payment due date is 5/7/2015. but if the debtor has paid this bill amount on 20/7/2015. in this case as per receipt basis when will be ST payment liability whether on 5/7/2015 or on 5/10/2015
please reply...
13 April 2015
now it is on due basis not on the receipts basis.
13 April 2015
Based on Point of Taxation Rules, 2012, the month of Service Tax payability will be June 2015. And due date would be 5th Jul 2015 since the gross receipts in the previous / this year has crossed 50 Lacs.
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
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
