banner_ad

Service tax on advance.

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
30 January 2012 Respected Experts,

We are a Consultancy Company and we received some advance payment against Consultancy Services. Is there any Service Tax liability for the Advance Payment. Please help me in this.

Thanks
Profile Image

PUNEET GOYAL

Profile Image

PUNEET GOYAL (Expert)
31 January 2012 Yes, after introduction of Point of Taxation Rules, 2011, services shall be deemed to be provided on the earliest of the following dates:

1. Date of issue of invoice

2. Date of completion of services

3. Date of receipt of advance payment.

To understand the same we sud proceed with an example. Suppose you have to deposit service tax on monthly basis. You received advance payment in december 2011. In that case your services deemed to have been provided in december 2011 and you have deposit service tax upto 5th or 6 th of jan, 2012 as the case may be.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details