Reverse charge liability

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Pankaj Arora (Querist)
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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)

CA AnKiT BoHrA (AB) (Expert)
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02 May 2015 It wil b in liability side as service tax payable

and why u hadnt paid this til now dear

Pankaj Arora

Pankaj Arora (Querist)
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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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