Service tax paid on bad debt earlier
This query is : Resolved
Bidyadhar Buxi
(Querist)
02 November 2012
Dear Experts,
We have paid Service tax to Govt. on our Invoice raised in the year 2011-2012 and this year (2012-13) we got to know that its Baddebt and we will not get money from that Invoice. Can we reverse back the Service Tax amount paid earlier and adjusted that in this year? thanks in advance.
We have paid Service tax to Govt. on our Invoice raised in the year 2011-2012 and this year (2012-13) we got to know that its Baddebt and we will not get money from that Invoice. Can we reverse back the Service Tax amount paid earlier and adjusted that in this year? thanks in advance.
Amol S Joglekar
(Expert)
02 November 2012
yes you can adjust the same provided you are able to prove beyond doubts... BAD DEBTS.
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