https://www.taxtmi.com/article/detailed?id=470 Finance Act, 2008 broadened the definition of gross amount charged to include book adjustments-amounts credited or debited in the books-where taxable services are transacted with associated enterprises. CBEC clarified that service tax is payable at the earlier of receipt or credit/debit in the provider's books, including for reverse charge transactions from associated enterprises. The term associated enterprise follows the income tax concept of control, management or capital relationships. en-us Sun, 23 Aug 2009 00:00:00 +0530 Sat, 12 Sep 2009 23:00:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=470 Finance Act, 2008 broadened the definition of gross amount charged to include book adjustments-amounts credited or debited in the books-where taxable services are transacted with associated enterprises. CBEC clarified that service tax is payable at the earlier of receipt or credit/debit in the provider's books, including for reverse charge transactions from associated enterprises. The term associated enterprise follows the income tax concept of control, management or capital relationships. Articles Service Tax Sun, 23 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=470