Please tell me whether advance received for works contract service is liable to service tax? If taxable on what basis?
3 Replies
DIBYENDU
(SERVICE)
(266 Points)
Replied 07 July 2013
Acording to Point of Taxation Rules Service Tax will payble on advance receive or bill submitted whicherver is erlier in any service.
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 07 July 2013
As per the present ST law service provided or agreed to be provided liable. However there is a legal question of whether there can be any liability without rendition of services. However this argument can be relied on only when there is a concrete decision from HC or SC.
Prabhat Kumar
(Advocate & Consultant)
(1912 Points)
Replied 08 July 2013
ANY ADVANCE PAYMENT BEFORE COMPLETION CERTIFICATE OF THE FLAT IS NOW TAXABLE IN THE SERVICE TAX.
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