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Liability of service tax 10.3 % vs. 12.36%

This query is : Resolved 
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(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...
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Siju Joseph

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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
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