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Basis of Charge

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(Querist)
10 May 2010 Hi All,

The company has received advance of Rs. 3,25,000. The amount received to be treated as received inclusive of service tax and hence backward calculations have to be made. Similarly, the part payments received against invoices should be treated in the same manner.

Kindly give the relevant notification or circular in relation to the above.
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
10 May 2010 Sub section (2) of section 67 of ahapter V of Finance Act' 1994, as amended
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