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SB Cess on Advance payment.
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....B Cess on Advance payment.<br> Query (Issue) Started By: - Mangesh khedkar Dated:- 18-12-2015 Last Reply Date:- 19-12-2015 Service Tax<br>Got 3 Replies<br>Service Tax<br>Dear sir, I am service receiver of corporate sector, we had paid 10% advance payment with service tax before15.11.2015 & vendor raised invoice dated on 02.12.2015 hence please suggest we can process invoice of SB cess on 100% (wi....
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....th advance payment) or 90% (excluding advance payment). Reply By YAGAY AND SUN: The Reply: SBC would be applicable on the remaining taxable value i.e. 90% (excluding advance payment). Reply By Ganeshan Kalyani: The Reply: Yes I agree with the view submit by Yagay and Sun. Reply By Rajagopalan Ranganathan: The Reply: Sir You have to pay SB cess on 90% of service charges paid on or after 15.11.....
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....2015. In this connection in FAQ issued by CBEC on SB Cess at Q15 it is clarified that in cases where payment has been received and invoice is raised before the service becomes taxable, i.e. prior to 15th November, 2015, there is no lability of Swachh Bharat Cess. In cases where payment has been received before the service became taxable and invoice is raised within 14 days, i.e. upto 29th November....
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...., 2015, even then the service tax liability does not arise. Swachh Bharat Cess will be payable on services which are provided on or after 15th Nov, 2015, invoice in respect of which is issued on or after that date and payment is also received on or after that date. Swachh Bharat Cess will also be payable where service is provided on or after 15th Nov, 2015 but payment is received prior to that dat....
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....e and invoice in respect of such service is not issued by 29th Nov, 2015. I hope this will help you to take a decision.<br> Discussion Forum - Knowledge Sharing ....