43b- disallowance
This query is : Resolved
06 August 2013
Dear All,
for an expense service tax is not paid,then under 43B expenses will be disallowed or only the service tax portion will be disallowed?? For an example, if GTA service is there, under GTA(reverse charge mechanism will arise) so company need to pay service tax, GTA service (expenses)=Rs. 10000, and Service tax on that is Rs.1236, The company not paid the service tax, So under section 43B that GTA service (Expenses) or Service tax of Rs 1236 will be disallowed?
Thanks to all in Advance......
for an expense service tax is not paid,then under 43B expenses will be disallowed or only the service tax portion will be disallowed?? For an example, if GTA service is there, under GTA(reverse charge mechanism will arise) so company need to pay service tax, GTA service (expenses)=Rs. 10000, and Service tax on that is Rs.1236, The company not paid the service tax, So under section 43B that GTA service (Expenses) or Service tax of Rs 1236 will be disallowed?
Thanks to all in Advance......
06 August 2013
43B is applicable only to statutory dues. If the statutory dues are not deposited by due date of filing the return, the same shall be disallowed.
The expense on which such liability arose will NOT be disallowed.
In this case, freight expense will NOT be disallowed.
Service tax on such freight shall be disallowed.
The expense on which such liability arose will NOT be disallowed.
In this case, freight expense will NOT be disallowed.
Service tax on such freight shall be disallowed.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- About TDS & Income Tax
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Under construction property in ITR
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- Building tax payment deduction in rental Income
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
