Reimbursement of Expenses
This query is : Resolved
27 August 2010
we (A Company) had paid an Amount towards R&D studies expenses to the study center for that they raised an invoice with service tax, now we have an agreement with other (B Company)company as per that they will reimburse the 50% of the amount incurred in R&D studies expenses.
My question is
1. how can we distribute the service tax (to B Company)?
2. can we collect the service tax amount from B company?
Pls advise
My question is
1. how can we distribute the service tax (to B Company)?
2. can we collect the service tax amount from B company?
Pls advise
27 August 2010
The CENVAT service tax can be claimed by the company to whom the Invoice is raised, the sharing of Service tax , you need to raise debit or credit note, but service tax cannot shared unless the bill is separate
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