Regarding service Tax Credit.
Querist : Anonymous
So in june month co. will take the service tax input credit of st paid to distributor and pay the net tax to the govt.
But what if the transaction of commssion paid to distributor is reversed in Augugst month.
As the co. has already taken credit in the month of June, what will be the final adjustment entry to be passed?
Regards
Rajan Babu
Querist : Anonymous
Still it can credit the St Recoverable A/C opened in B/S Asset Side or should pay in cash only
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