Gilchrist Sarathi (Assisstant (Audit & Accounts)) (75 Points)
18 May 2016Is Point of Taxation rule is applicable for Insurance Surveyors & Loss assessors-General insurance sector (Licensed by IRDAI).
Can they pay service tax on reciept basis?
Kindly suggest
anil jain
(Partner)
(1072 Points)
Replied 19 May 2016
POT is applicable to all.
He can pay ser tax on receipt basis if his receipt in preceding year was 50 lacs or less.
Gilchrist Sarathi
(Assisstant (Audit & Accounts))
(75 Points)
Replied 20 May 2016
anil jain
(Partner)
(1072 Points)
Replied 23 May 2016
go for registration and pay tax on Rs 2000 only
CAclubindia
