tax on advance

sakthi (Officer Accounts) (38 Points)

08 December 2017

tax liability on advance is withdrawn?

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4 Replies

harsh jain (CA in Practice) (29 Points)
Replied 08 December 2017

yes has been withdrawn.

Divakar (Student CA Final ) (11857 Points)
Replied 09 December 2017

In case of goods only... In case of service still applicable

harsh jain (CA in Practice) (29 Points)
Replied 09 December 2017

agree, in case of service, service tax rule applicable

Shivam Gupta (116 Points)
Replied 09 December 2017

however in case of goods it is still applicable of agreegate turnover is more than 1.5 crores

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