Service tax short payment of bill
Ankur Chauhan (CA Job) (48 Points)
21 March 2013Ankur Chauhan (CA Job) (48 Points)
21 March 2013
CA.VATSAL SHAH
(SERVICE)
(202 Points)
Replied 25 March 2013
service tax on reverse charge is liable to pay on payment basis. so whatever basic amount you pay you are liable to pay on that amount only under reverse charge too
Ankur Chauhan
(CA Job)
(48 Points)
Replied 25 March 2013
Is it so? Because my superior has told me that it is on billing basis and not on cash basis. It is billing basis since July 2011.
CA.VATSAL SHAH
(SERVICE)
(202 Points)
Replied 25 March 2013
FOR SERVICE PROVIDER PAYMENT OF SERVICE TAX ON BILLING BASIS. FOR SERVICE RECEIVER PAYMENT UNDER REVERSE CHARGE IS LIABLE AT THE TIME OF PAYMENT TO SERVICE PROVIDER