22 May 2013
Dear Sir, assessee is a company and assessee provides manpower supply service.assessee provide service in april month and invoice raise in 10th may than due date of st payment will be 5th/6th june but in case of march month service when the assessee should raised bill? if your answer is april than according to accrual basis provision of income tax act how the march month income will be booked? if your answer is march than what will be the due date of payment of service tax?
12 July 2013
It should be booked in the moth of March as because the department allows to finalise the accounts within few months. The liability is to be paid in April
CAclubindia
