Providing services instead of amount due
This query is : Resolved
30 March 2016
If a service provided by any person instead of his payment due ..is that taxable under service tax?
CA R SEETHARAMAN
(Expert)
30 March 2016
Yes it is taxable under service tax.
30 March 2016
Thank You sir,..Just one more Doubt..Mr. A ,service provider raised invoice for 20000 + service tax 2800(14%)...but customer gave him 2100 as full settlement..Then what will the amount of tax ?
CA R SEETHARAMAN
(Expert)
31 March 2016
Give credit note for the difference and pay service tax on amount received.
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