Service tax applicability on previous year transaction

CA Ankur Goel (sr. executive) (133 Points)

20 December 2011  

By Notification no. 3/2011, dated 1st march 2011

service tax applicable on the transactions provided from 1st April 2011 on DEEMED TO BE PROVIDED BASIS.

That means on DUE BASIS as soon as bill rised.

My query is " if we provide any service in the previous year 2010-11, then we have to pay the service tax on that transaction on  

receipt basis or.......

Please clarify me.........

 

Thanks