Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Input credit on service tax

This query is : Resolved 

Whether service tax paid on bills will be allowed as expenditure. For example Telephone bill say Rs.1000/-
Service tax on the same Rs.124/- totalling Rs.1124/-Whether Rs.1124 to be debited to telephone a/c or only Rs.1000/-

Kindly assisst me on this issue. If Service tax paid on bills is treated as expenses and then give guidelines on how to account for input credit on service tax

Rs. 1000/- will be debited to Telephone a/c and Rs. 124/- to be account as input credit on service tax.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries