14 December 2013
one of my client provided construction of residential complex service since 2007and collecting advances since then, my query is that under VCES can he be liable for service tax on advances collected from 01/07/2010 to 31/12/2012 its urgent please reply, thanks in advance
VCES Scheme is applicable for the "tax dues" for the period beginning from the 1st day of October, 2007 and ending on the 31st day of December, 2012, including a cess leviable thereon under any other Act for the time being in force, but not paid as on the 1st day of March, 2013. Therefore, if your client was liable for payment of service tax on the advances for the period, declaration has to be filed including the advance amount. In my view, advances taken /received towards provision of service is definitely liable for service tax.
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