service tax
This query is : Resolved
03 June 2011
I have service tax credit of 293000/- in my books in the year 2010-11. However in the near future that credit is not going to be utilised. My question is whether it is benefical to book out the expenses instead of keeping it as credit in balance sheet, as I can save tax of 30%on that expenses?
Thanks
Thanks
T.K. JAGANATHAN
(Expert)
04 June 2011
There will be change in the accounting method from the previous periods and the same may be qualified by your statutory auditors.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GSTR9 Annual Return
- Form 144 TDS Return Validation Error – Mandatory Fields
- Capital gains in IT returns
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Advances to related party
- Capital Gains Tax on Inherited Mutual Fund
- Ito add credit side of bank
- Employee secondment
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
