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Service tax bill entry
Sir, I have a query regarding - Our firm don't have service tax registration but one supplier had charged us service tax on installation charges in his bill then what will be the entry of such bill in our books of account.
Replies (2)
Hello,
If a company does not fall under excise/ service tax regime currently and so if it does not have registration number, you have to expense the tax.
If you are having either of the registration number i.e. Service tax or excise , then you can avail the credit and can utilise it in future.
Thanks,
Tanvi
As per condition treat service tax amount as Expenses
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