HI all,
I have a query regarding to service tax, If service provider provided the services to the service receiver but the service receiver has not satisfied with the services provided and services(agreement) has been cancelled but in mean while we already paid service tax to the governament.
So, whether i can claim that excess paid amount of ST for the subsequent payment?
Yeh you can adjust
Please refer to rule 6(3) of Service tax Rules 1994. You need to send a credit note to service recipient and mainatin proper records to satisfy audit from Dept. if any.
Thanks,
Krea University
Chennai
CA
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N N V Satish & Co.,
Hyderabad
CA Inter
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CCI
Pro
CAclubindia
