Grant money
This query is : Resolved
Rajendra Singh Manwal
(Querist)
14 November 2012
Dear Sirs
We have received money as grant from government Department. so want to know that it,s our income or not ? witch accounting head should be it ? and service tax applicable on this or not ?
Thanks & Regards
Rajendra
We have received money as grant from government Department. so want to know that it,s our income or not ? witch accounting head should be it ? and service tax applicable on this or not ?
Thanks & Regards
Rajendra
CA VISHNU GAVKARE
(Expert)
15 November 2012
Service tax is not applicable
15 November 2012
In stead of WE you should have mentioned if the money was received by TRUST, SOCIETY or NGO and the purpose of such receipt.
Service Tax is never applicable on Receipt of amounts.
Service Tax is never applicable on Receipt of amounts.
Rajendra Singh Manwal
(Querist)
20 November 2012
Thanks Sirs
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