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
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
- TDS 194-T applicability
- Tds on commission charges
- Applicability of GST on Salary Reimbursement Component
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- TDS on TRUST
- Renovation exp. in flat by family member
- FAST-DS Scheme - Foreign Assets
- Regarding Applicability of Tax Audit u/s 44AB
- Salary from Qatar in Dollars in India
- CHECK RELATED
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
Quick Links
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
CCI
Pro
CAclubindia
