If a part payment is received agn a bill or advance payment is recd, is service tax assumed to be recd. proportionately?
Similary in case of part or advance payments made is service tax assumed to be paid proportionately?
pls reply asap.
2 Replies
Bhavin Bhadra
(Job)
(174 Points)
Replied 08 June 2010
Dear Kirti,
In case of Advance payment or receipt service tax is to be calculated on the amount paid/ Recd.
Regards
Bhavin Bhadra
saket mehrotra
(Job)
(44 Points)
Replied 18 September 2012
Can some one please state the section or rule where this is stated. Although this seems to be general knowledge but i am not able to find it. I need the position prior to POT rules
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