13 June 2009
Month 1, We have made a sales of Basic Amount of Rs. 10,00,000.00 under repair and maintenance.
If we receive a debit note of an (basic)amount of Rs. 1,00,000.00, (the customer has taken the credit of the complete service tax, thereon)
Month 2: We again make a sales of Rs. 10,00,000.00.. Can we make the payment of service tax for only balance sale of Rs. 9,00,000.00( deducting amount of Rs.1,00,000.00. from sales) please also quote rule, if possible.
14 June 2009
There is no TDS type of transaction in ST. The 10 L advance worked backjwards is liable for payment of ST. An invoice are also rqd to be made ( 9.1 + .9 ST) Subsequently only on receipt of addtional monies there would be a liability
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