https://www.taxtmi.com/news?id=416 The Act amends liability for transactions between associated enterprises so that service tax is payable by the person liable even if consideration is not actually received, becoming due on the earlier of crediting/debiting the amount in the books or receipt of payment; Rule 6(1) is clarified to include amounts credited or debited to any account, including suspense accounts, as payment received for taxable services. en-us Sat, 10 May 2008 22:01:00 +0530 Mon, 23 Jun 2008 13:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=416 The Act amends liability for transactions between associated enterprises so that service tax is payable by the person liable even if consideration is not actually received, becoming due on the earlier of crediting/debiting the amount in the books or receipt of payment; Rule 6(1) is clarified to include amounts credited or debited to any account, including suspense accounts, as payment received for taxable services. News - Sat, 10 May 2008 22:01:00 +0530 https://www.taxtmi.com/news?id=416