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Assessee is a builder (Pvt. Ltd. Company) and do undertake contracts from other big real estate companies. It is general practice that those real estate companies reduce its bill amount, on account of unsatisfactory work/some other issues. Suppose if it raises bill of Rs.20 Lacs on 10th July then real estate companies may settle at Rs.18 Lacs on 25th Aug. My Question is that how to pay service tax in this situation because at the time of raising of bill we don’t know the settlement amount and at the time of settlement the due date (5th of the Next Month in case of Pvt. Ltd. Companies) of depositing service tax has already been gone. |
