accountant
65 Points
Joined January 2009
one of my client is labour contractor (tile contractor). he is provied labour service to a builder. my bill is as belowe
Labour chg. 100000/-
Service Chg. 12360/-
Total value is 112360/-
the builder pay to us up to 30/06/2012 Rs. 111360/- and know he pay Rs. 102090/- (less TDS 1000)
We want to know what is the right method of aacouning. b'cos my ladger is showing outstanding of rs. 9270/- i.e. 75% of service tax
in this case revrse charge method is applicable of not.