TaxTMI 
TaxTMI 
TaxTMI 
SERVICE TAX BILL CANCELLED IN NEXT QTR
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....ERVICE TAX BILL CANCELLED IN NEXT QTR<br> Query (Issue) Started By: - d.v. gupta Dated:- 7-10-2011 Last Reply Date:- 8-10-2011 Service Tax<br>Got 2 Replies<br>Service Tax<br>SIR, WE ARE A PLACEMENT A....
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....GENCY . 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 HAVE PAID SERVICE TAX ON THOS....
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....E 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: W.E.F. 01-03-2007, Rules have....
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.... 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 liability for a month or quarter, ....
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....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. Reply By DEV KUMAR KOTHARI: The ....
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....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), before that it cannot be said that se....
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....rvice was rendered. Therefore, you can raise bill only when you are entitled for service charges.<br> Discussion Forum - Knowledge Sharing ....