Service tax

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Querist : Anonymous

Querist : Anonymous (Querist)

19 October 2012 whether service tax is payable on invoice basis or payment received basis????

CA Navin Jain

CA Navin Jain (Expert)
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19 October 2012 Invoice basis.

@VaibhavJ

@VaibhavJ (Expert)
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19 October 2012 Hi,

Previously it was on receipt basis, however now it is on the basis of Invoice raised for all assessee.

Rgds//Vaibhav

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Querist : Anonymous

Querist : Anonymous (Querist)

19 October 2012 Thanks Sir.

Querist : Anonymous

Querist : Anonymous (Querist)

19 October 2012 Sir, i want to know one more thing regarding service tax on air ticketing. There is any abatement on service tax on Air Travel Agency (Domestic / International Ticketing)???? Because rate of Air Ticket on domestic ticketing 0.618 % & On International Ticketing 1.236%.

MOHAMMAD SALIM

MOHAMMAD SALIM (Expert)
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24 October 2012 The basis is date of invoice or receipt of payment / advance whichever is earlier.... The date of completion of service shall replace date of invoice above , in case invoice is not issued within 3o days (45 days for NBFC / FI ).....

@VaibhavJ

@VaibhavJ (Expert)
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24 October 2012 Hi,

Sorry for delay in reply..

0.618% 1.236% is abated rate..

Rgds//Vaibhav
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