St adjustmemt

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 October 2015 Dear experts, we have raiaed service invoice rs 1140000 included ST, but the service receiver has accepted only 79800 included ST, 70000 Service charge and 9800 ST, however we have already paid 14000 ST on billing basis, plz guide me can i adjut the excess 30000 Service charge, 4200 excess ST Amount, and 34200 excess customer balance,

Regard
Rahul mehta

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 October 2015 Issue credit note and adjust the service tax in the next remittance.

Querist : Anonymous

Querist : Anonymous (Querist)

13 October 2015 Sir customer has issued credit note therefore i have reduced The excess ST, Service portion also by passing following entry on the behalf of credit note......
service charge dr 30000
ST payable dr 4200
To customer 43200

Plz let me know is this correct mathod or not however this month i will issue one more invoice 100000 service charge, 14000 ST, on this invoice also i will have to pay ST on billing basis, i have two query regarding issuing secound invoice..
(1) do i need to charge ST on total service charge,
(2)while dopositing ST to govt do i need to pay only 9800 ST on this secound invoice, as i have already paid 4200 excess ST on the first invoice to govt.

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