06 April 2008
Hi all, My Question is that when GTA's liability arise? on time of payment to transporter or when amount of transportaion being credit to transporter? pl do reply
07 April 2008
The liability to the GTA arises when the service is acknowledged, which is signified either by credit or by payment whichever happens earlier.
Are you asking about the liability to service tax?
Yes it is concurrent with the credit orv payment whichever happens earlier.
Consolidate the ST liability of a month on the basis of the above and pay it within the time limit
CAclubindia
