If a part payment is received agn a bill or advance payment is recd, is service tax assumed to be recd. proportionately?
Similary in case of part or advance payments made is service tax assumed to be paid proportionately?
pls reply asap.
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service tax on part/advance payments
Replies (2)
Dear Kirti,
In case of Advance payment or receipt service tax is to be calculated on the amount paid/ Recd.
Regards
Bhavin Bhadra
Can some one please state the section or rule where this is stated. Although this seems to be general knowledge but i am not able to find it. I need the position prior to POT rules
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