Dissallowance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 August 2011
Company has to pay Service Tax but ST has not been paid until due date of return, so under which Sec. of IT Act it is disallowable.
Notes:
1. Company account the Service Tax by Accrual Basis
2. Company has not claimed the Service Tax as expenses, it is shown as payable to government.
Notes:
1. Company account the Service Tax by Accrual Basis
2. Company has not claimed the Service Tax as expenses, it is shown as payable to government.
18 August 2011
If service tax accounting is not routed through profit and loss account, disallowance under any of the sections of Income tax act ,1961 will not attract.
taxindiaconnect
(Expert)
18 August 2011
Dear BC, Sales tax is also not routed through P & L Acccount but that is disallowed under section 43B. Similarly the service tax should not be treated at par?
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