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Excess provision of Service Tax

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(Querist)
26 August 2009 I want to ask a query that if in case a party wants to give only a part of billing say 70% and dont want to pay remaining amount then what will be accounting treatment of remaining provision of service tax.
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Gokul

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Gokul (Expert)
26 August 2009 In such case u will revise such bill or sent Debit note to that party at the time of this adjustment u should adjust proportionate service tax of the bill.
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MANAS ROUT

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MANAS ROUT (Expert)
26 August 2009 service tax liability is on receipt basis so no need of creating provision for the uncollected amount. u have to adjust the difference through debit note or in any other suitable way.
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