Point of taxation

This query is : Resolved

S.P.Mahanta

S.P.Mahanta (Querist)
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15 September 2011 Service provider render service for Rs. 100000 with service tax @10.3% on 5th july'2011 with invoice and deposit service tax of rs10300 on 5th sept'2011.Payment is made by service receiver on 15th sept'2011 for rs.80000 after deducting rs 20000 from service bill.
My query is whether sevice provider can adjust excess service tax rs 2060 against next month's service tax liability or have to seek refund.

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
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15 September 2011 If deduction agreed, issue a credit note to the client and adjust the excess paid while making the payment in Oct.

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