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Discosure of Service tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 August 2010 we are having pvt.ltd.company which is providng service to client.Does it mandatory to disclose Gross Revenue less service tax on face of profit & Loss Account or it would be ok if we show only net on the face of profit & Loss A/c
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CA PRAMOD SARAOGI

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CA PRAMOD SARAOGI (Expert)
24 August 2010 Gross receipt should be shown in the Profit and Loss account and the amount of Service Tax should be debited to P & L Account separately. This is the generally accepted accounting principle and practice
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