Construction of residential complex
This query is : Resolved
08 October 2011
At presently when we issue a receipt to the party for payment, we mention that your next instalement is due on a future date.If we not mention the due date then what is the consequences.Can on this parameter service tax liabilty will be deferred till the payment received from party.
08 October 2011
Mere reminder of payment does not represent the service provided,
to get liable for service tax payment, agreement wise service provided or not / payment received or not, is to be confirmed on any specific date.
to get liable for service tax payment, agreement wise service provided or not / payment received or not, is to be confirmed on any specific date.
08 October 2011
If we intimate the party in advance for instalement due and issue a demand letter after the payment received ( Date Mention in Demand Letter is Just 7 Days Before from the Date of Payment Received )
08 October 2011
intimation is alike "proforma invoice" which has no legal validity unless the final invoice is raised, so date of actual payment is to be considered.
however if within the period of notice the work is likely to be completed against the said intimation, service tax liability get stand.
however if within the period of notice the work is likely to be completed against the said intimation, service tax liability get stand.
08 October 2011
Service tax liability arises only when you raise a invoice or when you receive any advance for any services that has already rendered.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- Section 50-fixed asset-->building ceases to exist
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
