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Service tax on advance amount received from clients

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(Querist)
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
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Jitender

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Jitender (Expert)
10 April 2008 whenever the amount is received the tax is payable whether advance or otherwise.
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CA Shailesh +91 9393926464

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