TaxTMI 
TaxTMI 
Dear Sir,
I need clarification that Works Contract delay payment of tax for Advance receipt is interest is applicable ? kindly explain legal procedure ?
Interest on Advance Receipts
24 Feb 2015 
1 Reply 
1375 Views Asked by
Service tax liability on issued invoices: interest accrues for delayed payment from the date it became due.
Liability to pay service tax arises when an invoice is issued, including for advance receipts, regardless of receipt of payment. If tax is not remitted within the prescribed time, interest is payable on the delayed amount from the date the tax became due until actual payment. (AI Summary)
Liability to pay service tax arises when an invoice is issued, including for advance receipts, regardless of receipt of payment. If tax is not remitted within the prescribed time, interest is payable on the delayed amount from the date the tax became due until actual payment. (AI Summary)