07 December 2013
Hi, Abc a partnership firm is a works contractor.
It issues bills Rs 100000 to Xyz a builder with service tax @ 4.94% Rs 4940/- total rs 104940/-
Abc is charging service tax from customers for flats @ 3.09% on Rs 100000, It receives Rs 3090- Total Rs 103090/-
Now while filing service tax return,Xyz wants to adjust Rs 3090 (Service tax payable)with Rs 4940/-(Service tax credit) and want to carry forward Rs 1850/-
But the system does not accept the same and does not show c/f of service tax to next period
CAclubindia
