Service tax allowability

This query is : Resolved

Aditya Maheshwari (Querist)
Follow

13 August 2009 We have both billed for exempt service as well as non exempt service during the year and have paid service tax on credit availed as per rule 6(3) of Cenvat Credit rules on credit attributable to inputs used for provision of exempted services i. e. on proportionate basis.

So now query is how to account for the service tax paid, i. e. to debit under which head for accounting and whether the same will be allowable for income tax purpose or not?

Aditya Maheshwari

Aditya Maheshwari (Querist)
Follow

08 January 2010 allowable

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok