We have raised a Invoice of Rs. 10,00,000/- + Service Tax 10.3 % (1,03,000) Total of Rs. 1103000/- on 31st March, 2011.
We received payment against this bill on April, 2011 after deducting TDS 10 %. Party booked the bill on 31st March, 11 and deducted TDS on 31st March, 2011 and issued us a certificate for 4th Quarter 2011 on 30 May, 2011 and we showing TDS receivable on 31st March, 2011 of Rs. 1,03,000/-
We pay a service tax of Rs. 1,03,000/- on 4th May.
My Question is that we are liable to pay Service Tax on 31st March,11 for that TDS Amount or not ? If yes then tell us return to be revised on not ?
26 June 2011
all is well. no need to do any things. you have deposited full amount of service tax. TDS deducted by party and entry made in your books. now no need to do any thing.
CAclubindia
