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Service tax on advance received from customer

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 December 2012 Dear Team


Do we need to pay service tax on advance money received from customer. How to deal with this situation and what to on final bill payment. pl clarify.........
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CA Navin Jain

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CA Navin Jain (Expert)
26 December 2012 YES, SERVICE TAX TO BE DEPOSITED ON ADVANCE PAYMENT RECEIVED.

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