When will it be taxable

nidhi (student) (346 Points)

21 November 2014

Service has been provided but the consideration for the same is received after two months...when will the ST be chargeable?

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4 Replies

CA AnKiT BoHrA (AB) (Manager) (25955 Points)
Replied 21 November 2014

at the time of issue of bill or advance recd which ever is earlier for the service provider...

CA AnKiT BoHrA (AB) (Manager) (25955 Points)
Replied 21 November 2014

At the time of entry of bill or advane payment which ever is earlier for the service receiver...

nidhi (student) (346 Points)
Replied 21 November 2014

Thanks a lot

CA Ashish K Bansal (partner) (175 Points)
Replied 21 November 2014

in case totalvrecipts less tha 50 lacs assesse has option to pay tax on reciept basis

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