Service tax payment

Dear All,

My company has raised a bill Rs. 500000+ service tax but cheque collected form party only partial amount rest of amount adjusted against debit notes Please advice me service tax   need to be paid against adjustment made for debit notes .? and also tell me any notification about this.
Regards
shambhu kumar
Replies (3)
Originally posted by :SHAMBHU KUMAR
"

Dear All,

My company has raised a bill Rs. 500000+ service tax but cheque collected form party only partial amount rest of amount adjusted against debit notes Please advice me service tax   need to be paid against adjustment made for debit notes .? and also tell me any notification about this.

Regards

shambhu kumar

 

Dear Shambhu as service tax is based on cash basis so u should paid tax on the amount realised by you only.

"

Firstly tell me the reason of Debit Notes. becauase in S.T. Gross Value is wider term

you can remit service tax on receipt basis... so need not bother about those adjustments for debit notes..

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