Dear Sir, Under original works contract the Service tax is charged to the client @ 15% of 40% of value of work done. The same is received along with the payment of bill raised. In case of adhoc and advance payments, how is the liability of service tax, if any, calculated and how is this to be claimed from the client ? Further if adhoc bills are booked by the client on contractors accoun tat the end of the year against WIP, what is the ST liability and how is the same claimed from client ? Please clarify in detail. Best Regards Subhash
Read more at: /forum/st-on-adhoc-and-advance-payments-362671.asp
Read more at: /forum/st-on-adhoc-and-advance-payments-362671.asp
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