Section 43B: No Service Tax Payment Required Before Funds Receipt by Assessee, No Additions for Pre-Receipt Liability.

Section 43B: No Service Tax Payment Required Before Funds Receipt by Assessee, No Additions for Pre-Receipt Liability. https://www.taxtmi.com/highlights?id=41415 Addition u/s 43B - service tax liability - Section 43B does not contemplate liability to pay service tax before actual receipt of the funds in the account of the assessee. Hence the liability to pay service tax into the Treasury will arise only upon the assessee receiving the funds and not otherwise - no additions. en-us Fri, 14 Sep 2018 07:48:55 +0530 Fri, 14 Sep 2018 07:48:55 +0530 TaxTMI RSS Generator Section 43B: No Service Tax Payment Required Before Funds Receipt by Assessee, No Additions for Pre-Receipt Liability. https://www.taxtmi.com/highlights?id=41415 Addition u/s 43B - service tax liability - Section 43B does not contemplate liability to pay service tax before actual receipt of the funds in the account of the assessee. Hence the liability to pay service tax into the Treasury will arise only upon the assessee receiving the funds and not otherwise - no additions. Highlights Income Tax Fri, 14 Sep 2018 07:48:55 +0530 https://www.taxtmi.com/highlights?id=41415