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Service tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 October 2012 whether service tax is payable on invoice basis or payment received basis????

19 October 2012 Invoice basis.

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

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Querist : Anonymous (Querist)
19 October 2012 Thanks Sir.

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Querist : Anonymous

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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%.

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 ).....

24 October 2012 Hi,

Sorry for delay in reply..

0.618% 1.236% is abated rate..

Rgds//Vaibhav
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