Adjustment of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 July 2012
Dear experts,
My company paid 30000/- service tax for the period of december to march 2012.
Now our one client`s due is around 90000/-,
we have to right off this amount.
Can we adjust service tax of this payments for the next quarter service tax payment.
Or its a loss ofcour company?
My company paid 30000/- service tax for the period of december to march 2012.
Now our one client`s due is around 90000/-,
we have to right off this amount.
Can we adjust service tax of this payments for the next quarter service tax payment.
Or its a loss ofcour company?
RENGARAJ R.K
(Expert)
10 July 2012
Under what basis your company paid excess amount? Is it receipt basis or invoice basis? In my opinion, if you have the proof that the party' statement of account shows a write-off of Rs.90K, you can file a revised return and adjust it.
Dhirajlal Rambhia
(Expert)
28 July 2023
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