service tax liability against running bill

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..... Dear experts, Please guide, Case:- I have received final bill of service work and charged service tax on whole, but service tax on running bill not charged by party earlier, detail as below, Final Bill Amount Total service work amount 200000 Add :-service tax @15% 30000 Total bill 230000 Less:-Running bill amount -50000 .....

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..... Net value 180000 Kindly guide that service tax is require to pay on running bill amount or not? and if yes, than please what rate of service tax will be applicable of service tax?. (earlier or present) Regard Vikram - Reply By Rajagopalan Ranganathan - The Reply = Sir, If Service provider receives advance payment in respect of service to be provided by him then he has to pay .....

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..... the service tax on 5th or 6th of the following month in which the bill is raised. That is if he raises the bill in April he has to pay the service tax on 5th or 6th of May. This rule is applicable to service tax paid under reverse charge mechanism also. If the provider of service pay service tax on ₹ 50000 of running bill he has to pay interest and penalty for late payment. - Reply By G .....

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..... aneshan Kalyani - The Reply = Sir, the service provider is required to raise invoice within 30days from the date of completion of service or when the advance is received. On receipt of advance or raising of invoice the service provider is liable to pay service tax. Since he has not paid tax on advance received he will have to pay interest. Thanks. - service tax liability against running bill - .....

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..... Query Started By: - vikram singh Dated:- 1-8-2016 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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