Advance receipt


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Querist : Anonymous

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Querist : Anonymous (Querist)
20 May 2013 IF X LTD PROVIDES SERVICE TO MR Y ...AGREED AMOUNT IS RS.50,000.

IT MY Y GIVES ADVANCE PAYMENT OF RS.40,000 TO X LTD BEFORE STARTING THE WORK...WHETHER THESE AMOUNT IS CONSIDERED AS INCLUDED SERVICE TAX>???AND IF YES..THEN WHERE IT IS WRITTEN?

20 May 2013 Section 67. Valuation of taxable services for charging Service tax -

(2) Where the gross amount charged by a service provider, for the service provided or to be provided is inclusive of service tax payable, the value of
such taxable service shall be such amount as, with the addition of tax payable, is equal to the gross amount charged.
(3) The gross amount charged for the taxable service shall include any amount received towards the taxable service before, during or after
provision of such service.

if still have any doubt can ask

CA. shekhar Panwar
+91-989-982-2020
stqinfo7@gmail.com
ca.shekhar.panwar@gmail.com

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 May 2013 THANK U...SIR...


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