Reverse charge liability
This query is : Resolved
Pankaj Arora
(Querist)
02 May 2015
We have Rs. 5 Lac liability under reverse charge from december 2014, we have not yet paid this liability nor we claim this as input, i want to know adjustment how to show this liability in books and return?
CA AnKiT BoHrA (AB)
(Expert)
02 May 2015
It wil b in liability side as service tax payable
and why u hadnt paid this til now dear
and why u hadnt paid this til now dear
Pankaj Arora
(Querist)
02 May 2015
Actually company is facing liquidty issue and that’s why still under payable, I want to know now that can we claim this as input once we paid this liability with interest
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