Accounting for advance paid to lebour & recover from contrac
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 October 2013
Dear Sir,
Fiscal Year 13-14,
Advance paid to Lebour( Contractor ) by company & recover from monthly Bill of Lebour Contractor,
Can i Book the Lebour bill including Service Tax & Raise Debit Note behalf of Contractor Including Service Tax on Advance
Sir,Pl Explain in details & Any Notification release by service tax.
Fiscal Year 13-14,
Advance paid to Lebour( Contractor ) by company & recover from monthly Bill of Lebour Contractor,
Can i Book the Lebour bill including Service Tax & Raise Debit Note behalf of Contractor Including Service Tax on Advance
Sir,Pl Explain in details & Any Notification release by service tax.
Ganeshbabu K
(Expert)
20 October 2013
if reversecharge applicable to you need to discharge service tax liability at the time of making advance payment
.
.
however it will be recovered from monthly on their bills ..
.
.
if reversecharge not applicable to you there is not problem at all,,just make advance payment entry,and later it will come down by their monthly bills
.
.
however it will be recovered from monthly on their bills ..
.
.
if reversecharge not applicable to you there is not problem at all,,just make advance payment entry,and later it will come down by their monthly bills
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