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Effect of credit note in service tax return

This query is : Resolved 
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(Querist)
03 October 2009 service tax liability will come only on payment recd from customer, but payment not recd from customer, we have reversed the entry by passing credit note, can any body tell me how the effect will come in service tax return.
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
03 October 2009 You would show short receipt of money and therefore on that no ST would be payble.
Once in a year the account of billed and recived along with credit notes recievd can be reconclied and kept for the purpsoe of audit party if querried.
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