Service tax on credit note
This query is : Open
Rahul J Sangani
(Querist)
25 February 2013
Issue:
Company providing Health club & Fitness service has paid service tax on billing amount Rs. 50,000 but company has received only Rs.15,000 afterwards bills were cancelled and company has passed credit note.now what will be treatment for excess service tax paid by company. it will be self adjusted or it will be lapsed?
Company providing Health club & Fitness service has paid service tax on billing amount Rs. 50,000 but company has received only Rs.15,000 afterwards bills were cancelled and company has passed credit note.now what will be treatment for excess service tax paid by company. it will be self adjusted or it will be lapsed?
25 February 2013
Hi
Excess amount can be adjusted against future liability.
Thanks!!
Excess amount can be adjusted against future liability.
Thanks!!
VIPIN KUTUMBALE
(Expert)
26 August 2013
could u please quote rule for such adjustment
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