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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2014 if a service provider raised a invoice to service receiver RS. 10,00.000 and service tax 1,12,360. but service provider received part payment rs. 5 lacs only then service provider pay service tax on which amount to government.

CA. Narottam Kumar Rawat

CA. Narottam Kumar Rawat (Expert)
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17 June 2014 In case service provider is an individual or partnership firm and his turnover is below Rs. 50 Lac in preceding year or in current year. Then he may opt for payment of service tax on receipt basis.

In case he opt for service tax payment on receipt basis he may pay proportionate service tax. 123600/1123600*500000.

Normally he is liable to pay service tax on billing basis.