Hi Hitesh, Kindly find the attached file....Its very useful... Regards Pranav Future CA
From India, Madras
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From India, Madras
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Hi, Anybody tell me when will service tax deposited to before/after getting service tax from billing party?
From India, Pune
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12From India, Pune
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Hello Kirti,
If your company is a service provider, you have to pay service tax before the 5th of the next month on the advance amount received or billed to the party. If your company is a service recipient, you have to pay service tax only on GTA (Goods Transport Agency) services. In other cases, your company can avail of service tax credit if the Service Provider firm issues a bill including service tax. If the service provider does not charge service tax on their bill, your firm is not responsible for paying the service tax.
Regards, M. Mishra
From India, Indore
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If your company is a service provider, you have to pay service tax before the 5th of the next month on the advance amount received or billed to the party. If your company is a service recipient, you have to pay service tax only on GTA (Goods Transport Agency) services. In other cases, your company can avail of service tax credit if the Service Provider firm issues a bill including service tax. If the service provider does not charge service tax on their bill, your firm is not responsible for paying the service tax.
Regards, M. Mishra
From India, Indore
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