Self adjustment or refund of service tax
This query is : Resolved
26 December 2015
A proprietary firm issued the invoice of rs. 5,00,000 along with service tax of rs. 70,000/- ( 14%) to its customer. customer do not make full payment of the invoice. Customer pays only 70 % of the invoice. Too much follow up has been made with the customer. But customer refuses to pay the same.
due to this service tax is not fully recovered from the customer. Whether excess payment of service tax made in this case can be adjusted against the future liabilities.
due to this service tax is not fully recovered from the customer. Whether excess payment of service tax made in this case can be adjusted against the future liabilities.
26 December 2015
Issue credit note and adjust the excess payment in the next remittance.
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