TaxTMI 
TaxTMI 
Calculation of service tax
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....alculation of service tax<br> Query (Issue) Started By: - chandrashekhar K Dated:- 21-8-2008 Last Reply Date:- 22-8-2008 Service Tax<br>Got 3 Replies<br>Service Tax<br>Is calculation of service Tax on....
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.... accrual basis or payment basis. Are both the methods allowable. Is it possible to shift from one basis to another after adopting eother Reply By balasubramanian n: The Reply: Service tax liabilty ar....
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....ises on payment basis. There is no bar on making payment in advance.It is advisable to make payment of service tax on receipt basis. Reply By V Ramanujam: The Reply: Service tax is payable on the bas....
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....is of 'receipt' i.e at the time of receipt of service charges. However, if the transaction is between 'Associated enterprises' (as covered u/s 92A of IT Act), service tax liability is to be discharged....
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.... at the time of accrual/receipt whichever is earlier. Reply By DKKOTHARI: The Reply: View expressed by V Ramanujam is correct.<br> Discussion Forum - Knowledge Sharing ....