Service Tax in Case of Payment Tolerance

pranav-joshi

Hi All,

one of our client have issue that when they receive the payment from thier customers then some time they take less amount i.e. Invoiced Amount = 500000 and they actualy received 450000 so they want 450000 as received amount and 50000 they leaved and invoiced should be closed. This I can do with Payment Tolerance facility of NAV, but here Service Tax Payable amount is not get effect of this. The service tax payable should be less than it was in service tax intrim account since they received less amount.

Is there any way to do it at the time of payment entry?.

Thanx in Advance

darshanm

Namaste!

Why dont you raise the Credit Note for balance payment?
So that Service tax amount for Rs 50000 will remain in Interim A/c and balance Service tax amount
for Rs 450000 payment will get transferred to ST Payable A/c.

pranav-joshi

Thanks,
but my client don't want credit memo he want to do this with payment transaction only.
please advice.