Dear All,
Actually we have received advance payment for the service. Shall we pay the service tax for the advance payment? or after made the bill then only we have to pay service tax?
Pls explain
Advance Thanks & Regards
Sathis
Dear All,
Actually we have received advance payment for the service. Shall we pay the service tax for the advance payment? or after made the bill then only we have to pay service tax?
Pls explain
Advance Thanks & Regards
Sathis
you shall pay service tax in advance
Dear Sathis,
Service tax is paid on payment basis so you have to pay tax on advance received by you.
Regards,
Nirav Worah
Service tax is payable on receipt basis on advances received from client .SO it does not matter whether you have raised the final bill.
Thanks and regards,
Viswanathan
Karia Overseas
Ahmedabad
CA
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R P S K & Associates
Nashik
CA Inter
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T R SOOD & CO
New Delhi
CA Inter
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