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.
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.
Dear Kirti,
In case of Advance payment or receipt service tax is to be calculated on the amount paid/ Recd.
Regards
Bhavin Bhadra
CAclubindia
