FBT on Service tax on expense
This query is : Resolved
Rozi Gupta
(Querist)
07 May 2008
Will FBT be levied on the amount of service tax on expense incurred ? E.g. Expense Rs.100/- Service tax on this exp Rs.10/- So, FBT will be levied on Rs.100/-or Rs.110/- ?
Some notification or circular or case law or some news had come in this regard. If anybody could provide the same, it would be of great help.....
Some notification or circular or case law or some news had come in this regard. If anybody could provide the same, it would be of great help.....
Amit Sharma
(Expert)
07 May 2008
FBT should be paid on amount debited to our books of accounts inclusive of service tax.
I had read this statement here is the link:-
https://www.caalley.com/ca/ca05_0514.html
I had read this statement here is the link:-
https://www.caalley.com/ca/ca05_0514.html
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