I want to know if service tax is to be paid when customer makes down payment. If yes, then how is it treated.(please provide journal entry if possible)
Thank you
1 Replies
Jeevesh Mehta
(Advocate- Corporate Commercial & Indirect Tax Advisory)
(861 Points)
Replied 06 May 2010
Service Tax is paid and levied on payment bases. The moment you receive any payment will have to pay service tax on it.
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