Is service tax payable on advance amount?????
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 January 2015
Hi,
I want to know, Advance amount received for services to be rendered in future & Service Tax is paid on advance amount by service provider. but Actually Service wasn't given to service receiver. What would be the tax calculation in this situation with the Dept as well as with the service receiver?????
I want to know, Advance amount received for services to be rendered in future & Service Tax is paid on advance amount by service provider. but Actually Service wasn't given to service receiver. What would be the tax calculation in this situation with the Dept as well as with the service receiver?????
17 January 2015
Service tax is payable on advance amount received. Refer Rule 3 of point of taxation rules.
Thanks.
Regards,
Siddharth Bumb
www.dtidthelp.wordpress.com www.siddharthbumb.blogspot.com
Thanks.
Regards,
Siddharth Bumb
www.dtidthelp.wordpress.com www.siddharthbumb.blogspot.com
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