When Service Tax is to be Deposited in case of Factoring?

Monu Bhardwaj (Querist) 26 May 2011 This query is : Open
As per Finance Act service tax is to be deposited at the time of actual receipt of invoice value.
If we discounted these bills from our bankers or sold to a factor. When should we deposit service tax?
At the time of bill discounting/Factoring or when actual payment remitted by the customer/debtor to bank.

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