On builders
This query is : Resolved
14 December 2013
one of my client provided construction of residential complex service since 2007and collecting advances since then, my query is that under VCES can he be liable for service tax on advances collected from 01/07/2010 to 31/12/2012
its urgent please reply, thanks in advance
its urgent please reply, thanks in advance
14 December 2013
Dear friend,
VCES Scheme is applicable for the "tax dues" for the period beginning from the 1st day of October, 2007 and ending on the 31st day of December, 2012, including a cess leviable thereon under any other Act for the time being in force, but not paid as on the 1st day of March, 2013. Therefore, if your client was liable for payment of service tax on the advances for the period, declaration has to be filed including the advance amount. In my view, advances taken /received towards provision of service is definitely liable for service tax.
VCES Scheme is applicable for the "tax dues" for the period beginning from the 1st day of October, 2007 and ending on the 31st day of December, 2012, including a cess leviable thereon under any other Act for the time being in force, but not paid as on the 1st day of March, 2013. Therefore, if your client was liable for payment of service tax on the advances for the period, declaration has to be filed including the advance amount. In my view, advances taken /received towards provision of service is definitely liable for service tax.
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
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Reprocessing of rectification order AY 2025-26
- Consolidated financials
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regarding Applicability of Tax Audit u/s 44AB
- Section 50-fixed asset-->building ceases to exist
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Regime change
- 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
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
