06 February 2013
I have already paid 100% service tax on the advance payment received , now I have raised the final bill wherein the service tax amount is low compare to the service tax amount which I have already paid on advance received. This is because of the new amendment clause ie 50% to be paid by the client as per notification 30 ST dtd:- 20.06.2012 S.r no. 9 Now kindly suggest me are we liable to pay tax or not.
08 February 2013
If client has availed the credit no issues. If not then he need to clearly state to you that the same is debited to your account and he has not availed the credit. After that you can adjust the ST excess paid against future liability.
CAclubindia
