09 January 2013
Dear Expert, My query is following...
A.Y 12-13 we received advance rent and that service tax (@10.3%) liability paid to deptt. and after we cancelled all rent bill. Now C.Y (after 2Q) we raise bill to our party with ST @12.36%.
my question is that time we deposit st & now we adjust st. but we rais st two times with party in inovice.
wht is correct accounting.how we show st adjustment at the time of 2q return
CAclubindia
