https://www.taxtmi.com/forum/issue?id=1747 Applicability of service tax centres on whether tax is triggered on receipt (advance) or on revenue recognition. Historical practice moved from accrual to receipt; where the scheme taxes services on receipt, treating advances as taxable is consistent. A taxpayer may elect either an accrual or a realisation/receipt basis, but that election should be binding to avoid reconciliation problems. en-us Wed, 03 Feb 2010 17:34:44 +0530 Thu, 23 Jan 2025 15:58:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1747 Applicability of service tax centres on whether tax is triggered on receipt (advance) or on revenue recognition. Historical practice moved from accrual to receipt; where the scheme taxes services on receipt, treating advances as taxable is consistent. A taxpayer may elect either an accrual or a realisation/receipt basis, but that election should be binding to avoid reconciliation problems. Discussion-Forum Service Tax Wed, 03 Feb 2010 17:34:44 +0530 https://www.taxtmi.com/forum/issue?id=1747