Service tax allowability
This query is : Resolved
Aditya Maheshwari
(Querist)
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?
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
(Querist)
08 January 2010
allowable
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