input credit
This query is : Resolved
08 May 2011
STATUS :
Co is into education service :
Provide Personality Devlopment Training to colleges. Total bill raised 50 lac + ST this month and recieved 55.1 lac (515000 as ST).
Co has taken infrastructure service from an engineer worth 20 lac + ST and service worth 25 lac + ST from maintainance co, total ST to be paid 463500,
QUERY : Now may this ST to be paid (463500) may be adusted through the ST already paid (515000)?
How to do it , shld a total payment of only Rs. 45 lac be made without ST ?
Co is into education service :
Provide Personality Devlopment Training to colleges. Total bill raised 50 lac + ST this month and recieved 55.1 lac (515000 as ST).
Co has taken infrastructure service from an engineer worth 20 lac + ST and service worth 25 lac + ST from maintainance co, total ST to be paid 463500,
QUERY : Now may this ST to be paid (463500) may be adusted through the ST already paid (515000)?
How to do it , shld a total payment of only Rs. 45 lac be made without ST ?
09 May 2011
The credit would be avaiulable on payment basis upto the end of March 2011. If the service is after that date then credit is availbel on accfrual basis provided the payment is made within 3 months.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Applicability of GST on Salary Reimbursement Component
- GST ITC REVERSE
- Regarding Applicability of Tax Audit u/s 44AB
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- FAST-DS Scheme - Foreign Assets
- Renovation exp. in flat by family member
- Consolidated financials
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
08 September 2026
Semi-Qualified Assitant
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CCI
Pro
CAclubindia
