ST against Advance Received
This query is : Resolved
Parikshit Ekbote
(Querist)
05 October 2010
Friends,
IF Advances are received from April to September but upto 30 september but services are still not provided.So is it necessary to pay service tax on Advance? And if for any other reason services are not provided then ST paid on advance received can it be adjusted against other Bills?
IF Advances are received from April to September but upto 30 september but services are still not provided.So is it necessary to pay service tax on Advance? And if for any other reason services are not provided then ST paid on advance received can it be adjusted against other Bills?
Madhukar N Hiregange
(Expert)
06 October 2010
The St has been made applicable for services provided or to be provided. therefore the payment of ST on advacnes is payable. However in my view there is a constituional question of whether services to be provided have been allowed to be taxed?
If later no service provided the same can be adjusted or even refunded on applicable being made.
If later no service provided the same can be adjusted or even refunded on applicable being made.
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