Value of Taxable Services, Service Tax

[Chetan Pawar]

Dear All,

We are the manufacturer as well as service providers, We are providing Consulting Engineering services to our customers on monthly basis and then we are raising the Service invoices on monthly basis & based on that we pay the service tax monthly basis through Cenvat credit and it has been shown in return also. but our customer has deducted some amount against our Service invoice, give a short payment to us.

In such case can any one tell me, what is the service tax amount to be paid, if service tax amount on payment received then how to recover the excess service tax paid through cenvat credit

Posts / Replies

[CS SANJAY MALHOTRA]

Dear Chetan,

If you have deposited Service Tax against the Invoice raised and later on have received short payment, you can avail Service Tax Credit in your Books and adjust the same against future Service Tax Dues.

Intimation of same may be given to your jurisdictional Range Office to be on safer side besides depicting the Credit availment in your Service Tax Returns.