Service tax reversal on credit note
This query is : Resolved
21 October 2011
Dear friends,
as we know stax in now accrual basis.
please explain this concept to me.
i mean if company raised a bill 1000 + stax 103
total 1103/- on 25.09.2011
i didnt received payment from client. till 31.03.2012. so should i liable to pay stax of rs 103/- if yes then due date and amount of stax?
and later on company give a discount to client as a credit note of rs 200/-
Nw my another ques is Can company reverse stax on rs 200/- or not?
as we know stax in now accrual basis.
please explain this concept to me.
i mean if company raised a bill 1000 + stax 103
total 1103/- on 25.09.2011
i didnt received payment from client. till 31.03.2012. so should i liable to pay stax of rs 103/- if yes then due date and amount of stax?
and later on company give a discount to client as a credit note of rs 200/-
Nw my another ques is Can company reverse stax on rs 200/- or not?
24 October 2011
You need topay ST on or before 5/6th of Ocotber 11.
If credit note issued on 31.3.2012 then on that date the credit of proportiante amount canbe availed on that date.
If credit note issued on 31.3.2012 then on that date the credit of proportiante amount canbe availed on that date.
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