New Notification Effect
This query is : Resolved
25 February 2009
Dear All,
As I understand that new S.Tax rates are applicable from 24/2/2009.
My Q's is what is the status of advance payment collected before the new notification ?
Since the payment is collected as advance against the bill to be raised in the month of March'09.
As I understand that new S.Tax rates are applicable from 24/2/2009.
My Q's is what is the status of advance payment collected before the new notification ?
Since the payment is collected as advance against the bill to be raised in the month of March'09.
25 February 2009
if the services are going to be provided aftter 24/2/09 then service tax will be payable@10% on advance payments.
25 February 2009
Thanks for your reply. Now in continuation to the same..against the advance payment recd (incld S.T.)I have already deposited the S.T. part in the govt kitty and the bill will be raised in the month of March as mentiond earler.
Now my Q's is.. the bill will be raised at 10% whereas we have collected & deposited ST. at 12.36% what do i do about the difference. Do i have to claim the excess S.T from the department or let the bill be raised in March'08 at 12.36% ?
Now my Q's is.. the bill will be raised at 10% whereas we have collected & deposited ST. at 12.36% what do i do about the difference. Do i have to claim the excess S.T from the department or let the bill be raised in March'08 at 12.36% ?
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
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- GST Rate for Catering Services
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- NRI starting business in India
- GST not cancelled by tenant
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
CAclubindia
