Menu
SERVICE TAX ON CREDIT NOTE ISSUED TO DEBTORS
Dear All
Rule: Rule 6(3) of Service Tax Rules provides proviso to Avail credit on Credit note and also to adjust again liability.
Disclosure : Credit taken shall be adjusted against liability by showing it in Row E4 of 'paid sheet' in ST 3 returns.
Please note
1. Do not deduct credit note from Sales in ST 3
2. SBC credit can not be availed. May be you can go for refund or
Dear All
Hope this would help you
Rule: Rule 6(3) of Service Tax Rules provides proviso to Avail credit on Credit note and also to adjust again liability.
Disclosure : Credit taken shall be adjusted against liability by showing it in Row E4 of 'paid sheet' in ST 3 returns.
Please note
1. Do not deduct credit note from Sales in ST 3 2. SBC credit can not be availed. May be you can go for refund or expense it off if it is very nominal.
Revert for any clarifications at prakash @ hiregange.com
Recent Topics :
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
Related Topics :
CAclubindia
