Netting off of service tax paid from service tax liability
This query is : Resolved
Payal Sharma
(Querist)
11 October 2014
No expert to answer this query: A CA firm pays 20000 service tax on attending professional conferences and other programmes for improving skill set of its partners. On the other hand it raises bills for providing services and collects a service tax of 100000. Is it permissible for CA firm to set off 20000 from 100000 and can firm deposit rs 80000 as service tax with department?
Jayant Bothra
(Expert)
11 October 2014
Yes, netting off can be done.
Thanks & Regards
CA JAYANT BOTHRA
ca.jayantbothra@gmail.com
Thanks & Regards
CA JAYANT BOTHRA
ca.jayantbothra@gmail.com
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