TaxTMI 
TaxTMI 
TaxTMI 
Service Tax Advance Payment
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....ervice Tax Advance Payment<br> Query (Issue) Started By: - Siraj Shaikh Dated:- 30-5-2012 Last Reply Date:- 1-6-2012 Service Tax<br>Got 5 Replies<br>Service Tax<br>Dear Sir, A advance payment has to be made against the Service to be received towards Maintenance Contract. The Party is asking even for the Payment of Service Tax along with the Advance..... Can such advance be made and the credit be ....
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....taken ? Reply By Pradeep Khatri: The Reply: Yes, Service tax is payable on the advance payment and also is allowed to be taken as credit of such amount. Reply By MANDAVILLI RAMAKRISHNA: The Reply: yes. but be sure, the service provider is competent and sincere to complete the work. further tell him, out of the 100 rupees paid by you as advance it consits of ST also and ask him to pay that in....
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.... his account and after completing total work and after receiving invoice form him, release the balance payment. the above suggestion is useful when you are making payment advance of rs. 500000 or more only. for small amounts, do not make puzzles. Reply By Harishanker Patel: The Reply: Dear experts, Please provide any refrence of notification/circular/rule for taking credit on service tax paid....
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.... in advance, prior to receiving the service. Reply By MANDAVILLI RAMAKRISHNA: The Reply: mr. harisankar, why u want notification or rule, you are eligible to take the service tax charged by your service provider on advance payment.s always. Reply By Harishanker Patel: The Reply: Dear Ramakrishna Sir, I want to know the provisions for taking credit on service tax paid in advance before receiv....
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....ing the service in actual.<br> Discussion Forum - Knowledge Sharing ....