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Servicde tax for Transactions with Sister Concerns


14 December 2009 Now, as we know that Service tax collected from Sister Concerns should be taken on Accrual basis. But when we take Cenvat Credit on payment made to sister concerns, we take it on Accrual basis or as per Payment basis? Pls advice.
Thank You.

15 December 2009 The Service receiver is entiteled to take CENVAT only on payment basis.

For the Service provider, the liability to pay service tax accrue immediately while services being delivered.

Regards

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08 April 2010 Could you please provide me relevant documents?

Awaiting your reply.


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08 April 2010 Awaiting your reply.



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