Dear Friends,
We have received advance rent on 28.03.2009 billing date 05.03.2009 from 15.03.2009 to 15.05.2009. Pl. tell service tax liabilty will raise in march 2009 or next financial year April 2009- March 2010.
Thanks
Ram kr. (Buisness) (883 Points)
28 April 2009Dear Friends,
We have received advance rent on 28.03.2009 billing date 05.03.2009 from 15.03.2009 to 15.05.2009. Pl. tell service tax liabilty will raise in march 2009 or next financial year April 2009- March 2010.
Thanks
Mahesh Soni
(Service)
(60 Points)
Replied 29 April 2009
Service tax liability on receipt basis, therefore you should bill rent bill from 15.03.09 to 31.03.09 on pro rate basis & receipt also in pro rate as per financial year & total amount of sevice tax should be deposit on 31.03.09.as per financial year 2008-09.
Arun Kumar Singh
(GST Advocate)
(15203 Points)
Replied 29 April 2009
I totally agree with Mr. Mahesh
Ram kr.
(Buisness)
(883 Points)
Replied 29 April 2009
You mean to say from 15.03.2009 to 31.03.2009 service tax to be deposited in march 2009 and 1.04.2009 to 15.05.2009 service tax will be deposited in april 2009. Pl. confirm.
Thanks
atul gupta
(proprieter)
(97 Points)
Replied 02 May 2009
I could not understand, when it is adviced first, service tax liabilty is on receipt basis, then what significance it will have to raise two seperate Bills. Since payment has been received in March, 2009, you have to make payment of service tax in March, 2009 itself.
BABU
(Finance manager)
(24 Points)
Replied 02 May 2009
S.Tax liability arises against realisation of amount of bill or advance, particularly in the month of March, payment of S.T. is 31.3.09 (amount realised from 1.3.09 to 31.3.09) have to be paid.
Gagan Sahni
(partner)
(22 Points)
Replied 24 March 2011
Sir,
Sir,
Service tax recd on rent in advance for the month of April, 2011 in March, 2011 as per agreement. When the same is to be deposited i.e. in march, 2011 or April, 2011. Will it make any difference if bill is not issued in March 2011 As per the latest notification no.18/2011 dated: 01.03.2011 vide Para no.3 (b) which shall come into force on 01.04.2011 if the service provider issue an invoice or receives a payment, the service Tax to the extent covered by the invoice or the payment made thereof, be deemed to have been provided at the time the invoice was issued or the payment was recd, as the case my be which ever is earlier.
Explanation.- For the purposes of this rule, wherever any advance, by whatever name known, is received by the service provider towards the provision of taxable service, the point of taxation shall be the date of receipt of each such advance
Will I be perfectly write to deposit the service tax in April, 2011, although recd in advance in the month of march,2011 as the notification is effective from 01.04.2011 and does not cover any service tax recd prior to 01.04.2011 i.e. during F.Y.2010-11. Please give your considered opinion.
Pinky Agarwal
(Chartered Accountant)
(426 Points)
Replied 24 March 2011
| Originally posted by : Manmohan | ||
 |
agree with Mr. Mahesh |
 |
CA Saiyum khan
(Practicing CA)
(685 Points)
Replied 24 March 2011
In my view it should be paid in the month of April-11.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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