Point of taxation on chartered accountant service

This query is : Resolved

jitender (Querist)
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23 March 2013 sir,
as per POT Service tax is paid on invoice issued or payment which ever is earlier.

if my receipts are more than 50lacs and out of billing some clients are not paid or less paid, than how can i adjust the service tax paid wrt to them :-
either i should claim in next return or any other means? kindly provide solution.

Jayant Bothra

Jayant Bothra (Expert)
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23 March 2013 Dear Jitender,

This is the problem being faced by many of the people, you can get to have the credit of the same only if you can show that you have paid it from your side and you have not been reimbursed by the debtor/concerned person.
For this you need to issue credit note for the same and then as per Rule 6 of the Service tax Rules, 1994 you will be eligible to claim the credit.

Thanks & Regds

CA JAYANT BOTHRA
M: +91-9873-626-020