Accounting for SST
Accounting Basis:-
  • Accrual basis
Sales Tax required to be accounted:-
  • At the time when the goods are sold, disposed or first used
Accounting Basis:-
  • Payment basis
Service Tax required to be accounted:-
  • At the time when the payments is received
  • On the day following period of twelve month when any whole or part of the payment is not received from the date of the invoice for the taxable service provided