Calculation of service tax

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Is calculation of service Tax on accrual basis or payment basis. Are both the methods allowable. Is it possible to shift from one basis to another after adopting eother - Reply By balasubramanian n - .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... The Reply = Service tax liabilty arises on payment basis. There is no bar on making payment in advance.It is advisable to make payment of service tax on receipt basis. - Reply By V Ramanujam - The Re .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ply = Service tax is payable on the basis of 'receipt' i.e at the time of receipt of service charges. However, if the transaction is between 'Associated enterprises' (as covered u/s 92A of IT Act .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ), service tax liability is to be discharged at the time of accrual/receipt whichever is earlier. - Reply By DKKOTHARI - The Reply = View expressed by V Ramanujam is correct. - Calculation of service .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tax - Query Started By: - chandrashekhar K Dated:- 21-8-2008 Service Tax - Got 3 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Managem .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ent India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X