service tax

Queries 625 views 5 replies

when service tax payment becomes due? whether at the time of receiving of final payment or at the time of receiving any part payment thereof........

Replies (5)

At the time of receiving the amount it may in part or in full!

Service tax is cash basis concept. If you receive advance , part or full payment, you are liable to deposit service tax to the CG on respective due dates.

Dear Pratim...

Service tax is payable only on actual receipt of consideration. Wehre the service provider receives only a part of the total service charges. Service tax shall be paid only on such part and not on the entire consideration...ST is payable on advances received also....

Correct

all the replies are right


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