Whether service tax is payable on completion of construction or in stages?
Service tax is payable on receipt basis and hence as you get payment for construction service from your customer, you have to pay service tax on that amount. If service tax is not shown separately in bill or amount received, the amount received should be taken as inclusive of service tax and then back calculations may be made.
Related Questions
- Advance has been received from customer before 1-7-2010 but service is to be provided after 1-7-2010. When service tax should become payable?
- Agreement was entered for PLC before 1-7-2010 and payment was received. Is service tax payable, if construction is completed after 1-7-2010?
- Can Cenvat credit on construction activities of one project be allowed towards output service tax on sale of another project?
