Service tax timing clarified: advance receipts must be taxed in the tax period to which the service value relates. Clarifies timing of service tax liability where payment is received before the service is provided: insertion to Rule 6(1) specifies that when the value of a taxable service is received in advance, service tax must be paid on the portion of the service value attributable to the relevant month or quarter.
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Service tax timing clarified: advance receipts must be taxed in the tax period to which the service value relates.
Clarifies timing of service tax liability where payment is received before the service is provided: insertion to Rule 6(1) specifies that when the value of a taxable service is received in advance, service tax must be paid on the portion of the service value attributable to the relevant month or quarter.
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