Service tax doubt

Hi all,

I had this query in Service Tax. From July 2011, ST is to be charged on accrual basis so that means once the Bill is raised, ST Liability arises. My query is what if lets say in a future date, say August 10th, the invoice is cancelled. What is the correct accounting entry to be passed in this case. The ST amount for this bill has already been paid. How do we get such amount from the Department back?

Mohit

Replies (3)

How can you cancel the bill ,once it is raised & the service Tax of same is deposited.The bill is raised after the completion of service

 

Mohit,

If the invoice is cancelled the you have to reverse the entry you recorded while entering the invoice in the books. And by cancelling the invoice you can show the same in ST return and claim refund accordingly.

 

:)

Any Circular/Notofication from the Department that clarifies this type of situation.

Mohit

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details