Suppose I paid Rs 100 to a party + Rs 14 as service tax i.e. total amount paid to party is rs 114.
However party refunds rs 20 . How to get back my service tax amount?
JAYESH H MANGE
(student)
(93 Points)
Replied 09 November 2015
Rohit Jain
(Article)
(56 Points)
Replied 10 November 2015
CA PRIYUL SHAH
(JOB)
(901 Points)
Replied 10 November 2015
Madhukar N Hiregange
(Chartered Accountant)
(38934 Points)
Replied 10 November 2015
If you are reciver of the service, you can avail the credit proprotionately. Provider can avail the set off in subsequent months as per Rules.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"