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Advance payement received

This query is : Resolved 

05 July 2013
Our Company is into builders & developers. We receives advance payment from our customers. How i should calculate service tax on this advance received - inclusive or exclusive?

please guide on urgent basis.


08 July 2013 As Service Tax is applicable on advance payment also.. It is better you treat it as inclusive of service tax....and gross up the amount to arrive at the Service Tax....



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