TMI BlogApplicability of service tax on advances or deposits received from the prospective buyers of complexes from the contractors cum owner- Whether advance or depositsX X X X Extracts X X X X X X X X Extracts X X X X ..... Applicability of service tax on advances or deposits received from the prospective buyers of complexes from the contractor cum owner- Whether advance or deposits received from the buyers are to be inc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... luded in the taxable value? - Reply By KASTURI SETHI - The Reply = Advances are to be included in the taxable value only when these are to be adjusted against taxable service to be provided in piece ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... meal. Suppose you take advance and your point of taxation is the date of taking advance and you pay ST but later on you are not in a position to provide service against that amount of advance on whi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch ST has been paid. You can claim refund from the department. The point is advance forms part of taxable value only if taxable service is to be provided otherwise not. - Applicability ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of service tax on advances or deposits received from the prospective buyers of complexes from the contractors cum owner- Whether advance or deposits - Query Started By: - samiuddin ansari Dated:- 10- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1-2017 Service Tax - Got 1 Reply - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanage ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mentindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|