Service Tax Payable w.e.f 01/04/2011
This query is : Resolved
07 April 2011
Dear Sir,
the debtors outstanding as on 31st march, 2011 have been provided with their services before the balance sheet date. am i supposed to pay the service tax on mercantile basis or cash basis as per the new notification. i.e. if i have not received any payments for the services provided in the march, 2011 am i still to pay the service tax????
any inputs will be highly appreciated....
Dear Sir,
the debtors outstanding as on 31st march, 2011 have been provided with their services before the balance sheet date. am i supposed to pay the service tax on mercantile basis or cash basis as per the new notification. i.e. if i have not received any payments for the services provided in the march, 2011 am i still to pay the service tax????
any inputs will be highly appreciated....
07 April 2011
On cash basis. The mercantile basis is applicable from April,11 onwards.
07 April 2011
No need to pay since the new proposal is being shelved for a short period.
Pl see para no.2 in http://taxguru.in/service-tax/service-tax-clarifications-amendments-point-taxation-rules-2011.html
Pl see para no.2 in http://taxguru.in/service-tax/service-tax-clarifications-amendments-point-taxation-rules-2011.html
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