Service tax

Deepak Kumar (Querist) 26 September 2014 This query is : Resolved
dear sir,
one of my coleague is providing security service and depositing service tax on acrual basis after adjusting of credit notes.

his some clients not giving full payment and deducting some amounts from his bills issued in the current financial year as well as in the past financial year

my quarry is :
should he issue credit notes to the clients in current year (for deduction of current f.y. as well as previous f.y.) and claim service tax which was paid at the time of raising bills to the client.

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malipeddi jaggarao (Expert) 27 September 2014
Basis the receipt not the billing. Though the bill is raised for actual amount and included Service Tax, the ST is payable on the actual amount received from the client and the same has to be remitted to Central Excise Dept.

Deepak Kumar (Querist) 29 September 2014
thanks for your reply

and if he discharge service tax liabilty on actual payment receipt from client then what he will do about short amount (which was deducted by client/short paid/not paid)

T. Kalaiselvan, Advocate (Expert) 02 October 2014
You have been advised about your query properly, if you come out with more related doubts, you may have to consult a tax practitioner for subsequent doubts.

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