Revised invoice
This query is : Resolved
01 July 2011
Dear Expert
We have raised a bill to our customer of Rs. 50,000/- plus service tax @10.30 in the month of May. we have paid service tax on this bill in June. On 20th June, party has raised objection and finally management has agreed to revised invoice by Rs. 40,000/- plus service tax. Now I will reverse the income by Rs. 10,000/- and reverse the liability of Service tax by Rs. 1030/- can I adjust this Rs. 1030/- while discharging the liability of service tax of June month?
Please advice.
We have raised a bill to our customer of Rs. 50,000/- plus service tax @10.30 in the month of May. we have paid service tax on this bill in June. On 20th June, party has raised objection and finally management has agreed to revised invoice by Rs. 40,000/- plus service tax. Now I will reverse the income by Rs. 10,000/- and reverse the liability of Service tax by Rs. 1030/- can I adjust this Rs. 1030/- while discharging the liability of service tax of June month?
Please advice.
01 July 2011
yes. it can be reversed through credit note and adjusted for current month service tax payment
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