Service tax on On Account receipt

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 October 2010 Dear sir,

Pls. guide how to calculate service tax on On account receipt i.e. we don't know against which bill we have received the payment(this payment may be against old bill pertaiining to Dec 2008 when the service tax rate is different.

Regards,

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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09 October 2010 Seems this is a hypothetical situation. However,to my understanding,there is no hard and fast rules to sort out the issue. The service provider can try FIFO method among others.

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Querist : Anonymous

Querist : Anonymous (Querist)

13 October 2010 This is not a hypothetical situation......
Pls. guide in detail

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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17 October 2010 yes.since you are not aware of the bill details ,As suggested by Mr.Chackrapani Warrier is correct method

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