Service tax on advance amount received from clients

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Ganesh (Querist)
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10 April 2008 Please clarify as to when does the service tax liability on advance received from the clients rise? in case, the advance was received in F/y 2006-07 and the bill is raised in the end of F/y 2007-08.i.e, Mar-08. When do we need to pay service tax.

In the similar situation, if the advance is only partially adjusted against the billl raised in Mar-08. What is the service tax liability.

Request you to enlighten me with circular/notifications from the department

Thanks and regards

K.Ganesh

Jitender

Jitender (Expert)
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10 April 2008 whenever the amount is received the tax is payable whether advance or otherwise.

CA Shailesh +91 9393926464

CA Shailesh +91 9393926464 (Expert)
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11 April 2008 ST is leviable in respect of the advances received as well

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