https://www.taxtmi.com/highlights?id=74627 Levy of service tax - negative debtors - advance payment received from their clients (and accounted under the head ‘debtors’ indicating negative) - The tribunal held that, there is no evidence of any transactions of receiving advance payment which has escaped payment of tax. The accounting of amount under the head negative debtors is assumed by department as advance payments. en-us Mon, 05 Feb 2024 15:33:15 +0530 Mon, 05 Feb 2024 15:33:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74627 Levy of service tax - negative debtors - advance payment received from their clients (and accounted under the head ‘debtors’ indicating negative) - The tribunal held that, there is no evidence of any transactions of receiving advance payment which has escaped payment of tax. The accounting of amount under the head negative debtors is assumed by department as advance payments. Highlights Service Tax Mon, 05 Feb 2024 15:33:15 +0530 https://www.taxtmi.com/highlights?id=74627