Tax liabilities

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girish (Querist)
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09 January 2013 Dear Expert,
My query is following...

A.Y 12-13 we received advance rent and that service tax (@10.3%) liability paid to deptt.
and after we cancelled all rent bill.
Now C.Y (after 2Q) we raise bill to our party with ST @12.36%.

my question is that time we deposit st & now we adjust st. but we rais st two times with party in inovice.

wht is correct accounting.how we show st adjustment at the time of 2q return

Example our rent is 185000/- + ST

Please reply me.

Kaushik Vinod

Kaushik Vinod (Expert)
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10 January 2013 Dear Girish,

As the facts clear to me :-
In my view the supplementary invoice should be issued and pay the differential tax between the two invoices.

Thanks