Interest of previous year
This query is : Resolved
Manish Jain
(Querist)
05 June 2014
Dear Experts,
Kindly brief, when I book Interest on Late payment of Service Tax if before 31st march I did not Deposit Service Tax, I depositing service tax on 05/06/2014,.
1)on 31St march or
2) when depositing Service Tax
Kindly brief, when I book Interest on Late payment of Service Tax if before 31st march I did not Deposit Service Tax, I depositing service tax on 05/06/2014,.
1)on 31St march or
2) when depositing Service Tax
Vishnu Saboo
(Expert)
05 June 2014
on date of deposited, since service tax deposited by u on 05-06-2014, interest on same also to be booked on same date.
Message likes :
1 times
Rupesh Jain
(Expert)
07 June 2014
you can book intt . on payment date.
Message likes :
1 times
07 June 2014
yes both on same date u can book.
Message likes :
1 times
Manish Jain
(Querist)
07 June 2014
But I want book expenses of Previous year than, I Can book Interest upto 31st March 2014 on Last day of financial year.
Service Tax is Remaining for Dec, Jan, and Feb and Some amount of Service Tax of Ist Half also remaining.
Service Tax is Remaining for Dec, Jan, and Feb and Some amount of Service Tax of Ist Half also remaining.
07 June 2014
yes on accrual basis u can book on 31.3.2014....
Vishnu Saboo
(Expert)
10 June 2014
in that case you have to book expenses and interest payable to be kept.
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