banner_ad

Liability of service tax 10.3 % vs. 12.36%

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 May 2012 Dear all,

I m stucked in case, where we have raised a debit note for charging service tax @ 10.3% from our client who is sez but not having form A1. The original invoice was raised in May 11 without service tax assuming them SEZ.

Now what should be the treatment in the books to book the liability of service tax @ 10.3% if debit note was raised as on 20.4.12 and payment received as on 5.5.12.

Hope for a concrete answer...
Profile Image

Siju Joseph

Profile Image

Siju Joseph (Expert)
14 May 2012 Hi
You can account that service tax amount in your books as liability under "Provision for service tax payable" as on 31.03.2012

And reverse the same on 1st April 2012
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details