adjustment of account

This query is : Resolved 

11 February 2009 sri,
please clarify that whether the account settlement with vendor shall treated as payment or receipt for payment of service tax. ex i provide service for Rs 100000 and ST Rs. 12360 and the purchase of Rs 60000 than whether i suppose the Rs. 60000 receipt for payment ST.

pls clarify with support of laws.

11 February 2009 What to mean by purchase of 60,000? pls clarify in details.


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