Regarding remittance of Service Tax on part payment received
This query is : Resolved
24 March 2010
Dear Sir,
We have received part payment against an invoice raised.
Do we have to pay the Service Tax:
a) based on the part payment received by working back for the Service Tax,
OR
b) Liability to pay Service Tax will exist only after receiving the balance payment against the invoice.
Regards
S. Anand
We have received part payment against an invoice raised.
Do we have to pay the Service Tax:
a) based on the part payment received by working back for the Service Tax,
OR
b) Liability to pay Service Tax will exist only after receiving the balance payment against the invoice.
Regards
S. Anand
Shyam Lal Naik
(Expert)
24 March 2010
Option a) is correct one.
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