Service Consideration, Service Tax

[Harsh Jindal]

When a sevice is considered as Provided or Agreed to be Provided?

Posts / Replies

[Pradeep Khatri]

Service is considered as Provided 'when service provider actually delivers the service to the service recipient on consideration by issuing an invoice after delivering the service.'

Service is considered as Agreed to be provided when service provided intents to deliver services in near future on the basis of MOUs or an agreement in this regard.  In this case, an avdance payment is made to prospective service provider from the potential serive recipient.