Service tax on advance payment recd
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 August 2012
Dear Sirs
We do Erection & Commissioning related work. We used to get advance payment from client before executing the work .Service start 3-4 months later.Can we adjust Ser tax credit for payemnt of Adv Service tax or would require to deposit in Seprate challan,
Is any clearification or notification is in this regards ?
We do Erection & Commissioning related work. We used to get advance payment from client before executing the work .Service start 3-4 months later.Can we adjust Ser tax credit for payemnt of Adv Service tax or would require to deposit in Seprate challan,
Is any clearification or notification is in this regards ?
Arun Kumar Singh
(Expert)
25 August 2012
you can adjust from advance, no need to deposit with separate challan.
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