SERVICE TAX BILL CANCELLED IN NEXT QTR

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..... SIR, WE ARE A PLACEMENT AGENCY . WE HAVE RAISED THE BILLS IN APRIL QTR FOR SERVICES AND PAID THE SERVICE TAX. THE PAYMENT OF BILLS NOT RECEIVED AS THE CANDIDATES LEFT THE JOB BEFOR 30 DAYS. AS WE HA .....

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..... VE PAID SERVICE TAX ON THOSE BILLS , HOW WE SHOULD ADJUST THE SERVICE TAX IN NEXT QTR OR WE SHOULD FORGET THE SERVICE TAX ON BILLS WHICH COULD NOT BE REALISED. - Reply By Pradeep Khatri - The Reply = .....

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..... W.E.F. 01-03-2007, Rules have been amended. Accordingly, where an assessee has paid to the credit of Central Government any amount in excess of the amount required to be paid towards service tax lia .....

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..... bility for a month or quarter, as the case may be, the assessee may adjust such excess amount paid by him against his service tax laibility for the succeeding month or quarter, as the case may be. - .....

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..... Reply By DEV KUMAR KOTHARI - The Reply = I agree with Mr. Khatri. However, in your case the service is completed when a person placed by you with your client completes agreed time ( say30 days), b .....

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..... efore that it cannot be said that service was rendered. Therefore, you can raise bill only when you are entitled for service charges. - SERVICE TAX BILL CANCELLED IN NEXT QTR - Query Started By: - .....

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..... d.v. gupta Dated:- 7-10-2011 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - t .....

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..... axmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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