31 May 2016
We have submitted one Consolidated Invoice for Sale Promotional activities FY 2015-16 on 31.03.2016 as per client requirement. Now our client wants quarterly basis invoice with date 31.03.2016 against FY 2015-16. If we have submitted quarterly basis invoice it will attract interest on Service Tax payments to Gov. A/c. For ex. Bill Apr.15 to June 15 bill date 31.03.16.
31 May 2016
why intt will attract, you have to pay the service tax after raise the invoice , if you dont pay the tax in next month then you have to pay the interest.