Dear Sir,
We have created Invice to the Party but later on it was cancelled. we have not received the Money of the invoice.
In the invoice we have charged Service Tax @ 12.36% as per the rules. The party is not ready to pay the amount & we have already pay the Service tax to the Govt. Authortity.
Now the Question is that how can we adjust the Amount of Service Tax paid to the Govt.
Thanks & Regards,
Dharmesh Harsora.
Dear Mr. Dharmesh Harsora,
As per Rule 6(3) of service tax rule,1994 provides that assessee can take cenvat credit of excess service tax paid in case where on service provided or renegociation of invoices. assessee should have the evidance of refund of amount to customer for service not provide of deficient provided or credit note issued to customer, BUT no credit is available for bad debts. Govt. has issued a clarification about it that there is no cenvat credit is available for Bad debts.
As per your statement about situation, it seems that it has become a bad debts. You can also visit your range superintendent office for more clarity.
Dear Mr. Dharmesh Harsora,
As Rule 6(3) of service tax rule,1994 provides that assessee can take cenvat credit of excess service tax paid in case where NO service provided or renegociation of invoices. assessee should have the evidance of refund of amount to customer for service not provide or deficient provision or credit note issued to customer, BUT no credit is available for bad debts. Govt. has issued a clarification about it that there is no cenvat credit is available for Bad debts. As per your statement about situation, it seems that it has become a bad debts. You can also visit your range superintendent office for more clarity.
Dear CA Chandra Shekhar,
You donnot need to go anywhere actully Tax Suite Software is freely available. You just click on the below link and get your copy immediately.
Link: https://icai.taxsuite.in/subsinfo.htm?mid=00000
Dear all
Actually my question is regarding Placement consultancy related business. In this type of business there is man power supply in such as company. As per terms and condition candidate was accept the job and after some of reason he left the job. So in between duration we had invoice generated and already issue to customer. but after some of days employee walk away so company told us that he was not ready to pay our amount. so this situation our service tax already paid in government. but actually our invoice has cancel so this is my question which is the process that i can get back my service tax, please help me
CAclubindia
