When does the liability to pay Service Tax arise upon assignment ...
Service Tax Liability on Natural Resource Rights Arises When Payment is Due or Made for Post-April 2016 Assignments.
April 15, 2016
Circulars Service Tax
When does the liability to pay Service Tax arise upon assignment of right to use natural resource where the payment of auction price is made in 10 (or any number of) yearly (or periodic) instalments under deferred payment option for rights assigned after 1.4.2016.? - the date on which any payment, including deferred payments, in respect of such assignment becomes due or when such payment is made, whichever is earlier.
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