Point of taxation on chartered accountant service
This query is : Resolved
23 March 2013
sir,
as per POT Service tax is paid on invoice issued or payment which ever is earlier.
if my receipts are more than 50lacs and out of billing some clients are not paid or less paid, than how can i adjust the service tax paid wrt to them :-
either i should claim in next return or any other means? kindly provide solution.
as per POT Service tax is paid on invoice issued or payment which ever is earlier.
if my receipts are more than 50lacs and out of billing some clients are not paid or less paid, than how can i adjust the service tax paid wrt to them :-
either i should claim in next return or any other means? kindly provide solution.
23 March 2013
Dear Jitender,
This is the problem being faced by many of the people, you can get to have the credit of the same only if you can show that you have paid it from your side and you have not been reimbursed by the debtor/concerned person.
For this you need to issue credit note for the same and then as per Rule 6 of the Service tax Rules, 1994 you will be eligible to claim the credit.
Thanks & Regds
CA JAYANT BOTHRA
M: +91-9873-626-020
This is the problem being faced by many of the people, you can get to have the credit of the same only if you can show that you have paid it from your side and you have not been reimbursed by the debtor/concerned person.
For this you need to issue credit note for the same and then as per Rule 6 of the Service tax Rules, 1994 you will be eligible to claim the credit.
Thanks & Regds
CA JAYANT BOTHRA
M: +91-9873-626-020
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Copyright software
- SFT Cash Deposit in Current Account
- Regarding TDS Applicability For Director Remuneration
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
