Service tax reversal on credit note

This query is : Resolved

Jitender (Querist)
Follow

21 October 2011 Dear friends,

as we know stax in now accrual basis.
please explain this concept to me.

i mean if company raised a bill 1000 + stax 103
total 1103/- on 25.09.2011

i didnt received payment from client. till 31.03.2012. so should i liable to pay stax of rs 103/- if yes then due date and amount of stax?

and later on company give a discount to client as a credit note of rs 200/-
Nw my another ques is Can company reverse stax on rs 200/- or not?

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
Follow

24 October 2011 You need topay ST on or before 5/6th of Ocotber 11.
If credit note issued on 31.3.2012 then on that date the credit of proportiante amount canbe availed on that date.

Jitender

Jitender (Querist)
Follow

24 October 2011 Thank you!

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA. Urmila Mahalwal

Dalbir Singh Wadhera

Rajesh

RAGHUNATH KASIBHOTLA

SARAVANAN PALANISAMY

Subscribe Now

Service tax reversal on credit note

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Article Assistant

CA Final

Accountant

GST CONSULTANCY