Service tax treatment
This query is : Resolved
20 October 2014
Hi,
one of my client received payment advance for future services in F. Y 2013-2014 70Lac
on that I have deposited service to govt as advance or fill service tax return show advance received cololum but now acutal sales start April 2014 in this service tax
I need to show in coloum of gross receipt to every month sales figure and tax adjusted with advance please let me know what is acutal treatment in case
one of my client received payment advance for future services in F. Y 2013-2014 70Lac
on that I have deposited service to govt as advance or fill service tax return show advance received cololum but now acutal sales start April 2014 in this service tax
I need to show in coloum of gross receipt to every month sales figure and tax adjusted with advance please let me know what is acutal treatment in case
CA CHIRAG DOSHI
(Expert)
27 October 2014
dear Deepak,
In your case once you received advance, then you have to pay service tax on payment basis, you have to fill the return showing advance received on gross amount billing received on the particular month you have received
CA Chirag Doshi
9833027231
In your case once you received advance, then you have to pay service tax on payment basis, you have to fill the return showing advance received on gross amount billing received on the particular month you have received
CA Chirag Doshi
9833027231
28 October 2014
Sir,
I am not doing accounting on receipt basis so that how can show advance receipt amount in gross amount billing I have show in coloum B1.2 advance received .its fine or not
I am not doing accounting on receipt basis so that how can show advance receipt amount in gross amount billing I have show in coloum B1.2 advance received .its fine or not
CA CHIRAG DOSHI
(Expert)
28 October 2014
yes, show it in B 1.2 Column as advance received. its fine
CA Chirag Doshi
9833027231
CA Chirag Doshi
9833027231
05 November 2014
Sir,
My question is it when my sale start I have to need show in coloum of gross amount receipt which is show in column in advance received .
My question is it when my sale start I have to need show in coloum of gross amount receipt which is show in column in advance received .
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