Query for prior period exps
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 May 2017
whether service tax paid by company under RCM be treated as prior period expense????
13 May 2017
hello,
Answer of this lies in your query itself,
Service tax paid whether under normal circumstances or under reverse charge method is never treated as an expense because we can avail credit of same in future and if any item cannot be treated as an expense how can it be classified as prior period expense.
Answer of this lies in your query itself,
Service tax paid whether under normal circumstances or under reverse charge method is never treated as an expense because we can avail credit of same in future and if any item cannot be treated as an expense how can it be classified as prior period expense.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Regarding TDS Applicability For Director Remuneration
- SFT Cash Deposit in Current Account
- Annual return in Gst
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
