Hi,
An invoice was raised in month of april when the s.t rate was 12.36% but today it has been cancelled when the rate is 14%. How to make the treatment of the same in the service tax return ?
Sonakshi Mangla (Employee) (310 Points)
08 December 2015Hi,
An invoice was raised in month of april when the s.t rate was 12.36% but today it has been cancelled when the rate is 14%. How to make the treatment of the same in the service tax return ?
CA Mehul Chudasama
(Chartered Accountant)
(618 Points)
Replied 08 December 2015
At the rate of 12.36%
praveen yadav
(Accountant)
(22 Points)
Replied 08 December 2015
praveen yadav
(Accountant)
(22 Points)
Replied 08 December 2015
Rahul jain
(LEARNING & TEACHING)
(435 Points)
Replied 08 December 2015
Sonakshi Mangla
(Employee)
(310 Points)
Replied 09 December 2015
I know that the rate would be 12.36% but the issue which m facing is elaborated below with an eg.
May- Bill booked Rs. 30000 S.T 3708
Nov- Bill cancelled Rs. 30000 S.T 3708
Billing for the Month of Nov. -70000 S.T @ 14%-9800
Now in return i have to show billing as Rs.40000 (70000-30000) and S.T will automatically be computed as 5600 but in books S.T is Rs. 6092/-
I hope now you all understood my query
Dilip
(chief Accounts Officer)
(79 Points)
Replied 09 December 2015
Dilip
(chief Accounts Officer)
(79 Points)
Replied 09 December 2015
CAclubindia
