Input credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 October 2011
We are dealer of Automobile deals in sales and Service of Motor Vehicle.
I have a query in respect of service tax
"if the input credit is shown in expences side in Balance sheet in previous years then is it possible to take the credit in current year or next Financial year."
reply soon
I have a query in respect of service tax
"if the input credit is shown in expences side in Balance sheet in previous years then is it possible to take the credit in current year or next Financial year."
reply soon
20 October 2011
in balance sheet there is no column as exepnses but in profit and loss account
input credit can never be reflected in expenses but it can be income only.
input credit can never be reflected in expenses but it can be income only.
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