allocation of collection in sales and service component
This query is : Resolved
18 February 2009
if a company has practice to bill both sales and service provided and if amount is collected in parts then while calculating service tax liability how can we allocate the same collection in both components? its urgent.
18 February 2009
we need to check the terms of payment if in one invoice both sales and services are made then the service tax will be for the entire advance amount of that invoice where the payment is received against different invoices one for service and one for sale it needs to be checked in terms of payment how much advance is mentioned for respective invoice and then service tax allocation to be made on that basis
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