Valuation of taxable service

This query is : Resolved

Gaurab Sarkar (Querist)
Follow

21 August 2007 If rendering a service is contingent upon the happening of any event and the service charges are payable even if the event does not happen, will it be covered by - "service provided or to be provided" as per section 67 of the FA'94?

In this context, whether service tax is applicable on advances received before rendering the service?

Raj

Raj (Expert)
Follow

22 August 2007 In my opinion it should be treated as service, in this context eventuality is fully uncertain but provider will raise the bill as per contract of service.

Nitesh

Nitesh (Expert)
Follow

22 August 2007 yes services tax is applicable on advance received as stated by you in ur case

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Ishwar Radhakisan Tawani

Lalan Kumar Jha

Kalyan Guha

Rajat Khandelwal

Sanoj T

Subscribe Now

Valuation of taxable service

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

CA Final

Article Assistant

Manager- Finance and Compliance

GST CONSULTANT

Accountant