accounting of s.t
This query is : Resolved
03 June 2009
Dear Friends,
If We are maintaining books of account on accural basis(Income & Expenditure), then how will we can identify our service tax liability, bcz S.T. liability due only on the the receipt of bill basis.
Please suggest to me.
Thank & regards !!
If We are maintaining books of account on accural basis(Income & Expenditure), then how will we can identify our service tax liability, bcz S.T. liability due only on the the receipt of bill basis.
Please suggest to me.
Thank & regards !!
05 June 2009
Yes captruing the same is critical in the accounts. Alterantively use the opneing billed and closing balance as the critereon.
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