Billing of advance
This query is : Resolved
CA.GAURAV SACHWANI
(Querist)
08 December 2009
As service tax is applicable on advance received from party then how we can make invoice of advance in which service tax is applicable.
Shyam Lal Naik
(Expert)
08 December 2009
For attracting service tax liability of advance, billing is not necessary.
The taxable event is receipt.
Bills can be raised after rendition of service.
The taxable event is receipt.
Bills can be raised after rendition of service.
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