Accounting entry
This query is : Resolved
DEEPAK GOYAL
(Querist)
17 August 2011
we have issued service tax invoices in F.Y. 2010-2011 of 6 lacs to our customer and filled our service tax return also. Now the customer intimate us that they have deducted Rs. 2 Lacs under those invoices. Now whether we can enter the debit notes on 31.03.2011 or in Current Financial Year. We can not file the Service Tax Return because Date of Service Tax Revised Return is 90 days. Please advise
CMA Ramesh Krishnan
(Expert)
17 August 2011
My view, the same debit note can be accounted and take the debit of service tax and adjust with the further service tax payments
DEEPAK GOYAL
(Querist)
18 August 2011
But in which year we have to account for the debit notes? in F.Y. 2010-2011 or 2011-2012. Service Tax Return already filled and also time limit for revised return (90 days) expired.
CMA Ramesh Krishnan
(Expert)
21 August 2011
Debit note can be accounted and service tax adjusted in current return
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- TDS Return Statement Status
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Appointment of Auditor By Form ADT-1
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
