HI, I WANT TO KNOW THAT, ARE MANY AMENDMENTS APPLICABLE IN SERVICE TAX FROM F.Y. 2011-12 AS---NOW SERVICE TAX IS LAVIED ON ACCRUAL BASIS OR CASH / 14 DAYS FROM RENDERING SERVICES?
CA. Animesh Kumar Jain (ACA DISA (ICAI) B.Com) (226 Points)
17 April 2011HI, I WANT TO KNOW THAT, ARE MANY AMENDMENTS APPLICABLE IN SERVICE TAX FROM F.Y. 2011-12 AS---NOW SERVICE TAX IS LAVIED ON ACCRUAL BASIS OR CASH / 14 DAYS FROM RENDERING SERVICES?
Pinky Agarwal
(Chartered Accountant)
(426 Points)
Replied 18 April 2011
It is on receipt of payment or isuing of invoice whichever is earlier. In case where invoice is not issued within 14 days then on completion of provision of service..
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