payment of service tax
This query is : Resolved
05 September 2009
case1. suppose a service provider raise a bill of Rs.100000+ Service tax.
He received a partial payment of rs.50000/-
now how much amount of service tax will be paid?
or he should change the invoice according to payment recd?
He received a partial payment of rs.50000/-
now how much amount of service tax will be paid?
or he should change the invoice according to payment recd?
05 September 2009
The receipt will be treated as cum tax. Supposing the tax rate is 10%, tax payable will be Rs. 50000 x 10 / 110 = Rs. 4545.00.
No need to change the invoice.
No need to change the invoice.
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