Service tax adjustment in case of bad debt

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Querist : Anonymous

Querist : Anonymous (Querist)

20 October 2012 How can a service tax be adjusted in case of bad debt or amount received is lesser than what has actually been billed by service provider, if service receiver has not taken the cenvat credit on it.

CA Ravi Kumar Murugesh

CA Ravi Kumar Murugesh (Expert)
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20 October 2012 Service tax amount will be paid only after collection of the amount. In case if you have already paid the amount before collecting the amount and the same if you want to adjsut because of baddebits, that you can adjust in your next payment (maximum Rs.1 lac allowed in a quarter).
Other oprion is you can claim refund by filing application to the department.

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