URGENT PLEASE HELP

This query is : Resolved

Mohit (Querist)
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21 October 2008 HI Experts

One of my client is an technological based company
they sale their their products as well as provide AMC(service) to their clients

They issue different bills to their for the goods & for the AMC(SERVICE INCLUDING SERVICE TAX )they provide
but their client give them the payment in lump sum amount .
The general credit period provided by the company is 3-4 months

EXample of the Query

GOODS SOLD to A in april Rs50000
AMC Provided to A in april Rs20000

After 3-4 months A gives my client a check of some amt say Rs 65000

.....
more goods as well as services are bieng provided to A during this period of 3-4 months.

MY QUERY :- HOW TO DIFFERENTIATE THE AMOUNT RECD FROM A BETWEEN GOODS & SERVICE PROVIDED
WHAT AMOUNT OF SERVICE TAX IS BEING PAID BY A

THANKS IN ADVANCE
WAITING FOR YOUR REPLY

Reetika Goel

Reetika Goel (Expert)
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22 October 2008 Hello Mohit,

The service tax charged by you in your AMC bills will act as an input credit for the CO. availing this service.

So, unless and until it makes payment for the full bill it can't take its input credit in toto.

So, the best solution to this problem is whenever the concerned party makes you any lumpsum payment just get a letter from them as to against which bill/s payment belongs.

This will clear ambiguity at both ends.

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