Setoff of loss in professional receipts

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 August 2012 Dear

Please let me know that, can we take setoff of service tax if i raised credit not for the same or for the bad debts.
for e.g. invoice Amt is 33090 (before 31st march 2012)
credit note is 10130/-
so can i take setoff of credit note.

21 August 2012 It seems that inr 10000 credit note is issued.. so it should come along with 10.3% service tax(the then rate of service tax)... go by 11030 and not 10130

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 August 2012 yes. i just want to know that can claim for service tax credit for credit note.

21 August 2012 Yes. You need to issue the credit note inclusive of service tax.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 August 2012 and what about bad debts?

21 August 2012 Credit note by way different situations rank pari passu.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 August 2012 sorry sir, didn't get you.


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
06 July 2026
C.A./CA Inter OR pursuing C.A./GST/Accounts/Audit/IT - Head

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details