As per my Service Tax Auditor's advice, service tax is to be remitted in proportion to the revenue recognized during the period inspite of advance received.
But as per my understanding, in the Point of Taxation Rules, the Service Tax is to be paid either on issuing of Invoice or receipt of Advance, whichever is earlier.
please suggest which one is correct.
Shyam S Gupta and Company
New Delhi
CA Inter
View Details
HKC | Chartered Accountants & Business Advisors
Ludhiana
CA
View Details
Fytomax Nutrition Private Limited
Aurangabad
CA Inter
View Details
CCI
Pro
CAclubindia
