Service tax
This query is : Resolved
21 February 2009
The company earns income from the foreign holding company but does not showns the amount of the service tax in the invoice although the same is paid by the company through gross up method. Should the amount of the service tax paid be shown in the financial statement as expenditure or the service income be reduced by the service tax amount?
21 February 2009
Please show the gross service income and service tax paid thereon separately in the accounts.
21 February 2009
Servive tax payment, even if not shown separately in invoice, is deductible from gross sales.
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