12 October 2009
i am working as account in firm of C&F agent & distributor of petroleum products. can we make pyt of service tax on raising bills or before receiving receipts. please tell whether it is mandatory for us to make quarterly pyt of service tax or we can make pyt every month after raising bills
12 October 2009
service tax is paid on receipts basis as soon as payment is received . service tax is tio be paid on the payment received from party. further individual,proprietory concern & firm are liable to pay quarterly & others monthly. now u decide u r in what category.
CAclubindia
