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(Querist)
26 March 2008 A building contractor received Rs. 6 Lakhs as advance for the construction of a
house and the balance 4 lakhs will be received within 6 months.

is the service tax 12.6%
S.K.
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MANAS ROUT

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MANAS ROUT (Expert)
26 March 2008 service tax is payable on the amount recieived so it covered the advance amount so on advance also you have to pay S.tax.@12.36%.
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
26 March 2008 ON AMOUNT RECEIVED AS ADVANCE YOU HAVE TO SERVICE TAX
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