Tribunal Finds No Evidence of Service Tax Evasion in Transactions; 'Negative Debtors' Not Advance Payments.

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....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.....