service tax problem

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 April 2011 Dear Sir,
A fabricator cotractor raised bill with Service tax - Rs. 110300 (Rs 100000 + 10300 Service tax). But company deduct 5000 Rs due some material damages and paid - Rs 95000+10300 = 105300. so what amount I will paid as service tax. and at time of prepare of ST return which amount will we shown as a turnover 1L or 95000 ?

Also company deduct TDS on 110300 Rs. (As per 26AS)

Thanks sir.

Ram Avtar Singh

Ram Avtar Singh (Expert)
Follow

10 April 2011 Service tax on payment basis. calculate service tax on payment received and pay. please collect debit note from your party and reversed debit not amount with service tax.and pay balance amount which payment you have received.

CA SAURABH GARG

CA SAURABH GARG (Expert)
Follow

10 April 2011 Rs.105300 less TDS amount is received by you against your service provided by you.

Now you have received Rs. 105300 as gross amount including Service Tax.

Now Your Service Revenue is Rs. 95467/-
you have to pay Rs. 9833/- as service tax.

Upgrade to CAclubindia Pro. Subscribe Now!