input credit
This query is : Resolved
08 May 2011
STATUS :
Co is into education service :
Provide Personality Devlopment Training to colleges. Total bill raised 50 lac + ST this month and recieved 55.1 lac (515000 as ST).
Co has taken infrastructure service from an engineer worth 20 lac + ST and service worth 25 lac + ST from maintainance co, total ST to be paid 463500,
QUERY : Now may this ST to be paid (463500) may be adusted through the ST already paid (515000)?
How to do it , shld a total payment of only Rs. 45 lac be made without ST ?
Co is into education service :
Provide Personality Devlopment Training to colleges. Total bill raised 50 lac + ST this month and recieved 55.1 lac (515000 as ST).
Co has taken infrastructure service from an engineer worth 20 lac + ST and service worth 25 lac + ST from maintainance co, total ST to be paid 463500,
QUERY : Now may this ST to be paid (463500) may be adusted through the ST already paid (515000)?
How to do it , shld a total payment of only Rs. 45 lac be made without ST ?
Madhukar N Hiregange
(Expert)
09 May 2011
The credit would be avaiulable on payment basis upto the end of March 2011. If the service is after that date then credit is availbel on accfrual basis provided the payment is made within 3 months.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Missed uploading GST Invoice
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Appointment of Auditor By Form ADT-1
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
