From: editor@itatonline.org <itatonline.org@gmail.com>
Date: Tue, May 8, 2012 at 7:18 PM
Subject: Message from EGroup of SolapurCAs Clarification on service-tax payable where invoice raised before 1.4.2012
To: editor@itatonline.org
Date: Tue, May 8, 2012 at 7:18 PM
Subject: Message from EGroup of SolapurCAs Clarification on service-tax payable where invoice raised before 1.4.2012
To: editor@itatonline.org
Dear Subscriber,
The CBEC has issued an important Circular dated 08.05.2012 on the rate of service-tax payable by service providers where invoices have been before 1st April 2012 and the payments are made after 1st April 2012. This is especially relevant in case of the 8 specified services provided by individuals or proprietary firms or partnership firms, to which Rule 7 of Point of Taxation Rules 2011 is applicable and where service-tax is payable on payment basis (Chartered Accountants & Advocates).
A pdf copy is available for download.
Clarification on service-tax payable where invoice raised before 1.4.2012
The CBEC has issued an important Circular dated 08.05.2012 on the rate of service-tax payable by service providers where invoices have been before 1st April 2012 and the payments are made after 1st April 2012. This is especially relevant in case of the 8 specified services provided by individuals or proprietary firms or partnership firms, to which Rule 7 of Point of Taxation Rules 2011 is applicable and where service-tax is payable on payment basis (Chartered Accountants & Advocates).
A pdf copy is available for download.
Regards,
Editor,
---------------------
Latest:
I think that its good to have clarification on service tax payable. I think that it would make your idea on how much tax must be paid ready. I know that everyone wanted to avoid tax evasion for various reasons.
ReplyDelete