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Whether Service tax payment is allowed on cash receipt basis ? if yes, in what cases payment is allowed on cash basis instead of accrual basis?

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Dated: 30-3-2015

01 - Due dates

Yes. In case of individuals and partnership firms whose aggregate value of taxable services provided from one or more premises is fifty lakhs rupees or less in the previous financial year, the service provider shall have the option to pay tax on taxable services provided or agreed to be provided by him up to a total of rupees fifty lakhs in the current financial year, by the dates specified in this sub-rule with respect to the month or quarter, as the case may be, in which payment is received.

Also in case of reverse charge i.e. where liability to pay service tax is on service receiver, service tax payment is allowed on cash i.e. payment basis. However if payment is not made in 3 months from the date of invoice , point of taxation shall be date immediately following the said period of 3 months.


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