TaxTMI 
TaxTMI 
Applicability of service tax on advances or deposits received from the prospective buyers of complexes from the contractors cum owner- Whether advance or deposits
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....pplicability of service tax on advances or deposits received from the prospective buyers of complexes from the contractors cum owner- Whether advance or deposits<br> Query (Issue) Started By: - samiud....
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....din ansari Dated:- 10-1-2017 Last Reply Date:- 11-1-2017 Service Tax<br>Got 1 Reply<br>Service Tax<br>Applicability of service tax on advances or deposits received from the prospective buyers of compl....
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....exes from the contractor cum owner- Whether advance or deposits received from the buyers are to be included in the taxable value? Reply By KASTURI SETHI: The Reply: Advances are to be included in th....
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....e taxable value only when these are to be adjusted against taxable service to be provided in piece meal. Suppose you take advance and your point of taxation is the date of taking advance and you pay S....
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....T but later on you are not in a position to provide service against that amount of advance on which ST has been paid. You can claim refund from the department. The point is advance forms part of tax....
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....able value only if taxable service is to be provided otherwise not.<br> Discussion Forum - Knowledge Sharing ....