While doing Tax Audit, Service Tax debited to P & L a/c is allowed or not..???
Hitesh Sharma (Student CA Final ) (77 Points)
07 July 2015While doing Tax Audit, Service Tax debited to P & L a/c is allowed or not..???
V P Narasimhan
(Accounts Manager)
(791 Points)
Replied 14 July 2015
As far as Service Tax in concerned every firm has to act as an Agent to the Govt by collecting from their clients & paying it to the Deprt. periodically sicne its not expense .
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