TaxTMI 
TaxTMI 
As per new service tax rules tax is to be deposited on accrual basis i.e. on raising of the bill.
Now what is the time limit for raising a bill after rendering the service.
Raising of bills
01 Jul 2011 
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Accrual basis taxation requires invoice issuance within the statutory period or tax triggers on service completion.
Payment of service tax operates on an accrual basis under the Point of Taxation Rules: where an invoice for a single service is issued within 14 days of completion, tax is due on the earlier of invoice date or payment; if no invoice is issued within 14 days, tax is due on the earlier of completion date or payment. (AI Summary)
Payment of service tax operates on an accrual basis under the Point of Taxation Rules: where an invoice for a single service is issued within 14 days of completion, tax is due on the earlier of invoice date or payment; if no invoice is issued within 14 days, tax is due on the earlier of completion date or payment. (AI Summary)