Servicetax adjustment
This query is : Resolved
12 October 2015
Hi, Last Year in FY 2014-15 we have rased invoices with Servicetax 12.36% and paid the Servicetax to Governmet.Now Party is asking us to revise the invoices With Tax 14%.They will pay invoice at new rate in FY 2015-16
Can We adjust or take Input credit(Old Invoices) of Servicetax 12.36% OR only 12% for Last year against 14% Servicetax payable.
Can We adjust or take Input credit(Old Invoices) of Servicetax 12.36% OR only 12% for Last year against 14% Servicetax payable.
CA R SEETHARAMAN
(Expert)
12 October 2015
No revision possible only you can issue debit/credit note. Only 12.36% last year.
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