Easy Office
LCI Learning

when should make payment

This query is : Resolved 

02 August 2008 If a person deposit cheque into bank on 30th march, and as per paying slip he accounted in the books of accounts. and in bank reconcilation if the cheque remain uncleared.

The credit for same cheque received on 2nd april as per bank statement, then when he has to pay service tax on that.

In the month of March 08 or 05 July 08

03 August 2008 He has to pay service tax on the basis of receipt, that is on or before 31st March.

03 August 2008 Yes the service tax is based on realisation of the amount & not based on the recognisation in the books.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query