Service Tax Amendment

CA Dheeraj Bansal (Chartered Accountant) (652 Points)

04 March 2011  

I want to clarify that after the amendment in finance act 2011, the service tax is to be paid not on payment basis but on due basis. Now credit on service tax paid on telephone bill is also to be taken on due basis. And what about the service bill raised up to 31 march march but payment is received in april.