Service tax liability
This query is : Resolved
29 April 2015
I received a builty from transporter
and I didn't pay anything to him in the month in which I received a builty. I paid the same builty amt in the next month to the transporter. so my question is that when my services tax liability will arrive should I paid it subsequent month of builty received I.e. 6th of the next month of builty received or subsequent month of payment made against the same builty.
Please advise
thanks
30 April 2015
Subsequent month of payment made....
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30 April 2015
You hadn't entered anything in books na before the payment made ??
30 April 2015
As per Rule 7 of the Point of Taxation Rules the liability to pay service tax under reverse charge arises on the date on which the payment is made or the first date that occurs immediately after three months from the date of invoice.
In view of the aforesaid the point of taxation in your case would be the subsequent month of the month of payment, rather then the previous month in which the builty is received.
In view of the aforesaid the point of taxation in your case would be the subsequent month of the month of payment, rather then the previous month in which the builty is received.
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