Service tax advance query
This query is : Resolved
17 August 2015
Dear All,
We have received advance payment for April month in March and invoice raised within 15 days.
Service tax for invoice has been paid in May.
Service tax department is asking interest on the advance received
Please help me to understand the applicable rule / notification
We have received advance payment for April month in March and invoice raised within 15 days.
Service tax for invoice has been paid in May.
Service tax department is asking interest on the advance received
Please help me to understand the applicable rule / notification
17 August 2015
As per Point of taxation Rules service tax is payable when the advance payment is received. See Notification 18/2011 dt. 1st March 2011 and amendments.
17 August 2015
As per Point of taxation Rules service tax is payable when the advance payment is received. See Notification 18/2011 dt. 1st March 2011 and amendments.
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