04 April 2011
As per service tax payment rules we have to pay service tax on Goods transport service received during the month of March on 31st March itself.
But my question is if I received any freight bill after 31.03.2011 (But before closure of accounts of FY) which pertain to March 11 or earlier, what is the payment provision?
05 April 2011
upto 31/03/2011,Service Tax payment is liable to pay on payment basis, hence when you will pay the amount of that bill, you will liable to pay tax on that month.
CAclubindia
