Please Help: plz reply............
Posted Date : 12-Jan-2012 , 09:34:14 pm | Posted By shashi
hello freinds,
plz can anybody tell me in case of tpa's when did income from service fees recognised in books.As the company is receiving payment from insurer in delay of 3-4 months and now company is liable to pay service tax on accrual basis. If the income is recognised on basis of poilcy date, the company is liable to pay service tax from it's own pocket due to which it's effects the workiong capital of the company........
plz can anybody tell me in case of tpa's when did income from service fees recognised in books.As the company is receiving payment from insurer in delay of 3-4 months and now company is liable to pay service tax on accrual basis. If the income is recognised on basis of poilcy date, the company is liable to pay service tax from it's own pocket due to which it's effects the workiong capital of the company........
Category : Service Tax | Answers : 0 | Comments : 1 | Hits : 319
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lavina bajaj
17-Jan-2012 , 03:16:15 pmas per my knowledge income shall be recognised in the books at the time of rendering of services itself....