Payment on accrual basis
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 May 2012
we have to pay Service tax on accrual basis
ie) Date of Payment, Date of providing services, or date of billing which ever is earlier.
If I billed for Rs.20000+ST ie) Rs.22,060/-
in Jan 2012 and i paid the service tax in March 2012.
But i have received the payment of Rs.20000/- towards full settlement of my bill.
What i have to do?
There is any provision to reverse the amount of Service tax paid?
ie) Date of Payment, Date of providing services, or date of billing which ever is earlier.
If I billed for Rs.20000+ST ie) Rs.22,060/-
in Jan 2012 and i paid the service tax in March 2012.
But i have received the payment of Rs.20000/- towards full settlement of my bill.
What i have to do?
There is any provision to reverse the amount of Service tax paid?
02 May 2012
U can claim for refund of such excess amount..
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
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
