Service tax period for reversing the entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 February 2013
AS SERVICE TAX IS CHRGED ON INVOICE BASIS.
AND IF PAYMENT NOT RECEIVED WITHIN THE FINANCIAL YEAR
THAN SUGGEST THE TIME PERIOD FOR REVERSING THE ENTRY.
AND SERVICE TAX HAS PAID ON INVOICE BASIS WHAT IS THE NEXT STEP TO GET THE CREDIT OF WHICH PAYMENT NOT RECEIVED
BEST REGARDS
AND IF PAYMENT NOT RECEIVED WITHIN THE FINANCIAL YEAR
THAN SUGGEST THE TIME PERIOD FOR REVERSING THE ENTRY.
AND SERVICE TAX HAS PAID ON INVOICE BASIS WHAT IS THE NEXT STEP TO GET THE CREDIT OF WHICH PAYMENT NOT RECEIVED
BEST REGARDS
07 February 2013
No adjustment / refund for bad debts...
However if service is not provided then credit note be issued and service tax on same can be adjusted..
However if service is not provided then credit note be issued and service tax on same can be adjusted..
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 February 2013
BUT IF SERVICE IS PROVIDED , AND PAYMENT IS NOT RECEIVED THAN WHAT TO DO
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