https://www.taxtmi.com/forum/issue?id=3611 Whether service tax liability and returns must be adjusted when a debtor issues retrospective debit notes is in question. The taxpayer uses the mercantile basis for monthly service tax payments and seeks guidance on recording each debit note at month end and carrying forward adjustments, or alternatively aggregating and entering all debit notes on a later date, and on how these adjustments should be reflected in the Service Tax Return. en-us Thu, 01 Dec 2011 14:56:00 +0530 Thu, 23 Jan 2025 15:58:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3611 Whether service tax liability and returns must be adjusted when a debtor issues retrospective debit notes is in question. The taxpayer uses the mercantile basis for monthly service tax payments and seeks guidance on recording each debit note at month end and carrying forward adjustments, or alternatively aggregating and entering all debit notes on a later date, and on how these adjustments should be reflected in the Service Tax Return. Discussion-Forum Service Tax Thu, 01 Dec 2011 14:56:00 +0530 https://www.taxtmi.com/forum/issue?id=3611