Before 1/7/12, service tax was liable on space given for advertisement. after 1/7/12, it has been exempt. If space sell for the month of june, but bill is raised by the company in july & payment is also received after july. Is company is liable to pay service tax?
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Liability of Service Tax on Ads Before and After July 1, 2012: Consult Point of Taxation Rules, 2011. A query was raised regarding the liability of service tax on space provided for advertisement before and after the exemption date of July 1, 2012. The issue concerns whether a company must pay service tax if the service was provided in June, but the billing and payment occurred in July. One response suggested consulting the Point of Taxation Rules, 2011, while another confirmed the company is liable to pay service tax since the service was provided before the exemption date. (AI Summary)
TaxTMI 
TaxTMI 
