25 September 2015
I issued the advance bill in the month of March 2015 for the bill period from 01-04-2015 to 31-03-2016. Advance bill issued for an amount of rs. 12,00,000/-(i.e. 12.36%). Out of Rs. 12,00,000/-, customer paid Rs. 5,00,000/- on 28-03-2015 itself. Rs. 7,00,000/- is still pending as on to day. Please clarify, how to calculate difference of service tax for Rs. 7,00,000/-.
CAclubindia
