service tax need to be paid on monthly basis and input services are adjusted aginst output services .
Do we need to pay services tax on balance amount even though we have not received payment from party .?????????
CA BISHAN AGARWAL
(Profession)
(93 Points)
Replied 14 June 2008
NO, SERVICE TAX IS PAYABLE WITHIN 5THOF THE NEXT MONTH IN WHICH PAYMENT IS RECEIVED
CA Amit Pandya
(CA, M.com)
(419 Points)
Replied 14 June 2008
for company & HUF 5th of every next month & 31.3 for march
for others next months' 5th of after ending every qurter.
service tax is paid on receipt basis.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
CAclubindia
