Question ID :
42186
079710
A CA firm having Professional receipts less than Rs. 50 Lacs in FY 2015-16 . Whether Service tax department is levied on Relaisable basis or mercantile basis . Pl. suggest along with relevant provisions /notifications/rules etc.
Posted by
SANDEEP KAPOOR
on
Dec 04, 2021
Filed Under
Service Tax
As per the relaxation allowed for small taxpayers (specifically in case of professionals like, CA, CS, CWA) it was allowed to be levied on Realisable basis. But, even though Assessee can opt for Mercantile basis also
Posted by
SURAJ KUMAR CHOUDHARY on
Dec 07, 2021