Input and output of service tax
This query is : Resolved
19 May 2017
Hi
Ombusment Parks has to pay service tax to HMDA 15% on rent and Service tax pay to service tax department 15% service tax collect from public in park. HMDA service tax is input and Service tax collect from public is output of service tax, where we need to show in Balance Sheet. And how to show.
Thanking you
Kumar
Ombusment Parks has to pay service tax to HMDA 15% on rent and Service tax pay to service tax department 15% service tax collect from public in park. HMDA service tax is input and Service tax collect from public is output of service tax, where we need to show in Balance Sheet. And how to show.
Thanking you
Kumar
CA Mohit Kumar
(Expert)
19 May 2017
shown in current liabilities under duties and taxes. create separate ledger of output and input tax then make adjustment with each other at the end of the month
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