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Service Tax - Highlights / Catch Notes

Home Highlights December 2023 Year 2023 This

Demand of Service tax on unbilled revenue - Unbilled revenue ...

Service Tax

December 1, 2023

Demand of Service tax on unbilled revenue - Unbilled revenue represents amounts attributable to services already performed, which have accrued but which have not fallen due for payment or invoicing in terms of the agreement between the parties. - Such amount has not yet become recoverable from the customer of the appellant. - Unbilled revenue cannot be brought to tax - AT

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