when service tax payment becomes due? whether at the time of receiving of final payment or at the time of receiving any part payment thereof........
5 Replies
Deepak
(Student)
(127 Points)
Replied 19 February 2010
At the time of receiving the amount it may in part or in full!
CA CS Akashdeep Singh
(Practicing CA)
(1394 Points)
Replied 19 February 2010
Service tax is cash basis concept. If you receive advance , part or full payment, you are liable to deposit service tax to the CG on respective due dates.
C.Balaji
(Learner)
(1867 Points)
Replied 20 February 2010
Dear Pratim...
Service tax is payable only on actual receipt of consideration. Wehre the service provider receives only a part of the total service charges. Service tax shall be paid only on such part and not on the entire consideration...ST is payable on advances received also....
PRATIK P MEHTA
(Final Student,articles)
(125 Points)
Replied 26 February 2010
all the replies are right
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