https://www.taxtmi.com/article/detailed?id=7170 Advance receipts for renting of immovable property fix the point of taxation at the date of receipt, so service tax is payable from that date; however, existing service tax payment schedules permit deposit on a monthly or quarterly basis, allowing providers to retain collected tax and causing alleged interest loss to the exchequer. The author urges amending the payment timetable so tax collected on advances is deposited promptly to avoid unjust enrichment. en-us Sat, 31 Dec 2016 11:28:57 +0530 Sat, 31 Dec 2016 11:28:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7170 Advance receipts for renting of immovable property fix the point of taxation at the date of receipt, so service tax is payable from that date; however, existing service tax payment schedules permit deposit on a monthly or quarterly basis, allowing providers to retain collected tax and causing alleged interest loss to the exchequer. The author urges amending the payment timetable so tax collected on advances is deposited promptly to avoid unjust enrichment. Articles Service Tax Sat, 31 Dec 2016 11:28:57 +0530 https://www.taxtmi.com/article/detailed?id=7170