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.
Menu
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
Recent Topics :
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
Related Topics :
CAclubindia
