Service tax

According the point of taxation rule the service tax is payable on any of the following point.

1. Providing of services

2. Raising the invoices

3 Receipt of advamce

Hence service tax is payable on receipt of advance money also.

Thankx for the reply...But in my B COM books , its given as not taxable..!! soo confused on which is rite?!!

As per point of taxation rules if any advance has been recieved than service tax is payable at the time advance is recieved.

advance received from customer is taxable in service tax

Yes it is taxable even before point of taxation rules came into effect.

it is taxable...

i think Mythili, your question needs to be clear and re posted again books cannot print something so wrong as any advance was taxable as per old and new Service tax rules. 

Regards,

CA Jimmy Chauhan