accounting treatment?????
This query is : Resolved
CA Lokesh Pokharna
(Querist)
16 February 2010
service tax on rent(rent paid to a transporter agency for broughting raw material where production occure)...
this service tax on rent is a indirect exp. or direct exp. according to accounting point view.....?
this service tax on rent is a indirect exp. or direct exp. according to accounting point view.....?
Rahul Gupta
(Expert)
17 February 2010
This is direct Expenses since it is incurred from bringing the raw material at the place of production.
CA Lokesh Pokharna
(Querist)
17 February 2010
sir i m talking @ service tax on rent paid------------?????????????is it direct or ndirct exp????????
Rahul Gupta
(Expert)
17 February 2010
Yes, even service tax is related to the cost incurred for bringing raw material.
My view is..it is Direct Expenses.
My view is..it is Direct Expenses.
CMA Arif Farooqui
(Expert)
21 February 2010
agree . it is direct expenses. charged total rent paid(including service tax) as fright
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