https://www.taxtmi.com/caselaws?id=204853 Under service tax law, an assessee following cash basis of accounting cannot ordinarily be compelled to switch to mercantile basis for tax computation because the Finance Act, 1994 did not impose a statutory accounting-method mandate comparable to section 145 of the Income-tax Act, 1961. The Tribunal noted that, although tax is levied on gross value received or receivable, forcing a change in method may distort accounts and create a risk of double taxation. On that reasoning, waiver of pre-deposit of the balance demand was granted pending appeal. en-us Mon, 13 Dec 2010 00:00:00 +0530 Thu, 26 May 2011 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204853 Under service tax law, an assessee following cash basis of accounting cannot ordinarily be compelled to switch to mercantile basis for tax computation because the Finance Act, 1994 did not impose a statutory accounting-method mandate comparable to section 145 of the Income-tax Act, 1961. The Tribunal noted that, although tax is levied on gross value received or receivable, forcing a change in method may distort accounts and create a risk of double taxation. On that reasoning, waiver of pre-deposit of the balance demand was granted pending appeal. Case-Laws Service Tax Mon, 13 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204853