24 April 2011
Individuals or proprietary firms or partnership firms providing the following taxable services, the point of taxation shall be the date on which payment is received.
o Architects Services (p)
o Interior Decorators Service (q)
o Practicing Chartered Accountants Services (s)
o Practicing Cost Accountants Services (t)
o Practicing Company Secretarys Services (u)
o Scientific and Technical Consultancy Service (za)
o Legal Consultancy Services (zzzzm)
For others on bill basis.
Please see below article it will make the point of taxation rule very clear.
24 April 2011
Agree with Mr Sanjay Gupta. Just one point to add. For all other services service tax on accrual basis is optional up to 30th June, 2011. Pl refer to Rule 9 in the link provided by Mr Gupta.
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