43B will attract?
This query is : Resolved
CA Bosu babu
(Querist)
25 September 2008
If an assessee has not paid service tax before due date and also remain unpaid upto date of audit report, but provision for payment has been created. whether it will attract 43B? or not? or if they pay with in filing of return they can claim?
Guest
Guest
(Expert)
25 September 2008
Yes it will attract the said section, and the auditer is required to report the same under the tax audit report.
And it can be claimed as deduction is its paid before the filling of return.
CA Rohit
And it can be claimed as deduction is its paid before the filling of return.
CA Rohit
25 September 2008
Dear Bosu, provisions of section 43B are not applicable in respect of service tax. u can go thru recent judgement of Chennai tribunal in case of Real Images.
25 September 2008
I agree with Mr. vineet.
CA Bosu babu
(Querist)
26 September 2008
Hey Vineet can you pls tel me the highlights of such case? or give me reference
CA Bosu babu
(Querist)
04 November 2008
Business expenditure – S.43B – Service tax billed but not received – Service tax becomes payable only on receipt from client – No disallowance can be made u/s.43B – A.Y. 2002-03
ACIT vs. Real Image Media Technologies P. Ltd. (2008) 116 TTJ 964 (Chennai)
Service tax though billed but not received not having become payable to the credit of the Central Government by virtue of s. 68 of the Finance Act, 1994, rwr. 6 of the Service Tax Rules, 1994, same could not be disallowed under section 43B. Further, assessee service provider is merely acting as an agent of the Government and is not entitled to claim deduction on account of service-tax and therefore no disallowance can be made on the analogy of sales-tax, excise duty, etc.
ACIT vs. Real Image Media Technologies P. Ltd. (2008) 116 TTJ 964 (Chennai)
Service tax though billed but not received not having become payable to the credit of the Central Government by virtue of s. 68 of the Finance Act, 1994, rwr. 6 of the Service Tax Rules, 1994, same could not be disallowed under section 43B. Further, assessee service provider is merely acting as an agent of the Government and is not entitled to claim deduction on account of service-tax and therefore no disallowance can be made on the analogy of sales-tax, excise duty, etc.
CA Bosu babu
(Querist)
04 November 2008
the above things only highlights....
in that they never said 43B will not attract service tax....
nw final doubt is whether st wil come under 43B or not...?
in that they never said 43B will not attract service tax....
nw final doubt is whether st wil come under 43B or not...?
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
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Under marginal scheme
- Import of Software Service.
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- GST on Renting godown to KFCSC for Storage of Raagi
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Oct 2025 Invoices
- TDS on Fixed Assets purchased
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
