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Service tax on retention money

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(Querist)
23 September 2013 service tax was due on receipt basis. if any service provider has received payment except retention money, service tax liability will be calculated on what amount? receipt amount, bill amount or excluding retention money? retention money is huge and shown in debtors account.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
23 September 2013 As per point of taxation rule and due basis service tax, on total value of bills service tax need to be including retention money
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