SERVICE TAX PAYMENT.

[DHARMENDRA SINGH]

Dear All,

Please give us suggestion for payment of service tax allow on billing or Payment receipt.

[CA Rachit Agarwal]

Please refer Point of Taxation Rules, 2011.

[kothapally Raji Reddy]

Payment of service tax depends on either billing or payment receipt which ever takes place earlier as per the provisions of Point of Taxation Rules

rrkothapally

[NEERAJ KUMAR, RANCHI]

Yes refer to Point of taxation rules 2011, Mr reddy has correctly stated that which ever incidence occurs first, it will depend on that

[YAGAY and SUN]

Point of taxation Rules are now the governing law pertaining to payment of Service Tax.  Please read it thoroughly.

AI Summary

Service tax payment timing: governed by Point of Taxation Rules, determined by the earlier of billing or receipt of payment.
Timing of service tax liability is governed by the Point of Taxation Rules, 2011, which make service tax payable at the earlier of issuance of a bill or receipt of payment; taxpayers must apply this earlier-of-billing-or-receipt test to determine the moment of tax liability and compliance timing.