Doubt on service tax liability
This query is : Resolved
27 July 2015
Please clarify about the following situation:-
My Company raised an invoice for receiving advance payment of Rs 30 lakh in July month but advance payment is still not received. So, Is Service tax liability will arise in this case and do we need to deposit service tax on 5th of August 2015 (after due consideration of input credit).
27 July 2015
Yes if your service turn over is exceeding 50 lacs per year.
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