wrongly extra service tax paid for the m/o nov,2012
This query is : Resolved
SATYENDRA KR. GUPTA
(Querist)
07 December 2012
Dear all,
What is the right way of presentation in the books of accounts & service tax return of 3rd quarter F.Y 2012-13 in respect of the subject query.
Thanks
SKG
What is the right way of presentation in the books of accounts & service tax return of 3rd quarter F.Y 2012-13 in respect of the subject query.
Thanks
SKG
Viral Vora
(Expert)
07 December 2012
service tax is wrongly paid - then refund is to be claimed. Hence it will be shown on assets side under the head Current Assets.
service tax is excess paid - then it will set off against liability of next quarter . Hence it will be shown as negative under current liabilities
service tax is excess paid - then it will set off against liability of next quarter . Hence it will be shown as negative under current liabilities
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