Ritesh khurana (CA student) (175 Points)
16 December 2011
Dear all expert
Service tax received / due from client and deposit to govt and later on same service is not provided
Question is can service tax paid to govt for which service is not provided be used for another service provided to same person.
if yes then is there is any period for adjustment.
Thanks
CA Ketan Waghela
(Partner at Elite Educare)
(356 Points)
Replied 16 December 2011
Ritesh ji,
Did you mean ST paid to Govt. from advance received from client and later on services are not provided to the client. So, what about ST paid already??
Is it the same way ??
Brajesh gautam
(student)
(232 Points)
Replied 19 December 2011
I think , it is advance service tax recd from client ,
as per law tax on advance receipts of services charges to be paid if invoice is not raised within 14 days from the dt of receipts of advance.
first pl confirm have any invoice or advance reciepts been generated giving all the details regarding services.
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 20 December 2011
Issue credit note to the party for the value of service not provided. Take credit of the tax paid in relation to the service not provided. This is as per rule 6(3) of the Service Tax Rules,
SHASHI KUMAR CG
(CA Final - Waiting for results)
(40 Points)
Replied 23 December 2011
Service tax paid in advance can be adjusted against S.T. liability not exceeding Rs. 100000/-.
PF & ESI Course - Labour Code 2019 Along with Examples and Case Studies
CAclubindia
