Bad debts and service tax
This query is : Resolved
28 April 2016
My client also raised service tax invoice for H2,
His client did not pay him. Just wanted to check, how did we treat this in service tax return. Do we pay service tax in ST return or show credit note?
His client did not pay him. Just wanted to check, how did we treat this in service tax return. Do we pay service tax in ST return or show credit note?
28 April 2016
The debt if partially recovered is to be adjusted in the first place against service tax. If the debt is not received at all (including the amount of service tax), then you can claim the same in LESS payment of service tax
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28 April 2016
Does it impact if service provider is individual or company
28 April 2016
Also please confirm if we have to issue any credit note or just, writing off in our books is sufficient.
28 April 2016
yes, it does. because for company, we pay service tax on due basis. In case of company also, you can adjust the payment of service tax in the month when the debt is turned out to be BAD.
28 April 2016
The person who is NOT paying anything to you????? It is NOT at all advisable to be FORMALLY also raise credit note. By issuing credit note, you are confirming that the debt is not bad but debt is wrongly raised. Dont try to be over polite with the person who is NOT paying your debt. Right?
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