When the tax be deducted...?

This query is : Resolved

Guest

Guest (Querist)

29 May 2013 Hello,

Service provided in the month of April 2013, but invoice raised in the month of May 2013..

Please help me out whether Service Tax be paid in the month of April or May...?

Rupesh Jain

Rupesh Jain (Expert)
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29 May 2013 IF YOUR ARE FOLLOW ACCURAL BASIS ACCOUTING
WHEN TDS TO BE DEDUCTED ON PROVISION

Guest

Guest (Querist)

29 May 2013 Sir,
I think your reply is improper.. Plz kindly refer it again and reply..

Thanks..

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swasti

swasti (Expert)
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30 May 2013 TDS is to be provided on the date of credit or payment whichever is earlier. If payment has been made in advance i.e. in April, then due date of depositing TDS is 7th May and if you have firstly credited the amount according to the bill date, then according to bill date (May), you have to deposit by 7th June 2013.