Service tax
This query is : Resolved
Sai Suryadevara
(Querist)
05 September 2014
Hi all,
Can rates & taxes which is not paid to the government can be treated as Direct expenses as grouping in books of accounts ?
Eg: Explain the treatment of grouping of Input service tax for a company which is not having any ST registration. can it be shown under Current assets or any other possible?
Can rates & taxes which is not paid to the government can be treated as Direct expenses as grouping in books of accounts ?
Eg: Explain the treatment of grouping of Input service tax for a company which is not having any ST registration. can it be shown under Current assets or any other possible?
05 September 2014
pls name the exp u asking for
Sai Suryadevara
(Querist)
05 September 2014
In one of our clients co .. they don't have service tax registration & they don't need it actually. still they are showing Input &output separately in books of accounts under grouping of Input in Purchases & Output under Sales. Now,my Query is Under which grouping they can show these Input & Output ST?
Thanks in advance
Thanks in advance
05 September 2014
if they are service provider then direct exp else indirect exp
Sai Suryadevara
(Querist)
05 September 2014
In one of our clients co .. they don't have service tax registration & they don't need it actually. still they are showing Input &output separately in books of accounts under grouping of Input in Purchases & Output under Sales. Now,my Query is Under which grouping they can show these Input & Output ST?
Thanks in advance
Thanks in advance
05 September 2014
Already ans above...............................
Sai Suryadevara
(Querist)
05 September 2014
but the service tax is not remitted to government ? still can it be shown under Direct or Indirect expenses?
Thanks in advance
Thanks in advance
05 September 2014
when u r debiting servcie tax account and even paid to any other service provider then ultimately it goes to servcie tax dept and then to central govt only
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