Reversal of service invoice
This query is : Resolved
22 June 2016
Dear Sir,
We have issued a Service Tax Invoice in the year 2013-14 with the Service Tax Rate @ 12.36%. The Customer has not paid the bill amount till date. We have already paid the Service tax as per the Invoice Issued. Now customer is asking for a current dated invoice for the same for making payment as they have not accounted the old invoice. Is it possible to get us the Credit of the Service Tax which we have paid against the Old Invoice? How can we take the credit of it ? How can we adjust that Service Tax amount in current year? Please advice.
We have issued a Service Tax Invoice in the year 2013-14 with the Service Tax Rate @ 12.36%. The Customer has not paid the bill amount till date. We have already paid the Service tax as per the Invoice Issued. Now customer is asking for a current dated invoice for the same for making payment as they have not accounted the old invoice. Is it possible to get us the Credit of the Service Tax which we have paid against the Old Invoice? How can we take the credit of it ? How can we adjust that Service Tax amount in current year? Please advice.
22 June 2016
now is not possible , you have to pay service tax again when you raise the invoice.
22 June 2016
Customer says as per Service Tax Rules it is possible.
Rule 6(3)
(3)) Where an assessee has issued an invoice, or received any payment, against a service to be provided which is not so provided by him either wholly or partially for any reason or where the amount of invoice is renegotiated due to deficient provision of service, or any terms contained in a contract, the assessee may take the credit of such excess service tax paid by him, if the assessee.-
(a) has refunded the payment or part thereof, so received for the service provided to the person from whom it was received; or
(b) has issued a credit note for the value of the service not so provided to the person to whom such an invoice had been issued
Rule 6(3)
(3)) Where an assessee has issued an invoice, or received any payment, against a service to be provided which is not so provided by him either wholly or partially for any reason or where the amount of invoice is renegotiated due to deficient provision of service, or any terms contained in a contract, the assessee may take the credit of such excess service tax paid by him, if the assessee.-
(a) has refunded the payment or part thereof, so received for the service provided to the person from whom it was received; or
(b) has issued a credit note for the value of the service not so provided to the person to whom such an invoice had been issued
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
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- ITR returnFY25-26
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Article ship defecit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- 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
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
