rajul (Finance Professional) (67 Points)
25 April 2017Sir/Madam
How to show or correct service tax returns for bills wrongly issued or issued for wrong amount. The bills are for the Period
1) Apr - sep 2016
2) Oct - Mar 17
Returns are already filed for the periods.
Can the bill be cancelled and new bill issued . If so how to show its impact on the returns.
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 25 April 2017
Service tax return can be revised within 90 days from the date of filling.
If you have filed STR for Apr-Sep within due date you cant revised it. But STR For Oct-March you can make chnages and revised it. But keep in mind you can revise STR only once.
rajul
(Finance Professional)
(67 Points)
Replied 27 April 2017
Thank You .
But is there any provision or procedure to correct the STR for the period Apr-Sept
Mahesh Babu
(CA Final)
(618 Points)
Replied 01 May 2017
For Apr-Sep, the bills which are cancelled in that period, show it as Bills Cancelled/sales returns in the month of Oct. and claim input tax credit on such reversal of bills which are cancelled and carried forward such input till april 2017 from Oct end in the revision of such ST returns.
CAclubindia
