TaxTMI 
TaxTMI 
Dear All,
Please give us suggestion for payment of service tax allow on billing or Payment receipt.
SERVICE TAX PAYMENT.
01 Aug 2011 
4 Replies 
1608 Views Asked by
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. (AI Summary)
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. (AI Summary)