Service tax as a expense of company

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deepak (Querist)
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06 October 2015 SIR,
IN CASE OF A COMPANY IS PAYING SERVICE TAX AND NOT RECOVERING FROM ITS COSTUMER IN THIS CASE SERVICE TAX CAN BE TREATED AS A EXPENSE OR NOT.IF YES CAN WE TAKE THIS EXPENSE IN P&L.

CA Mukund Sarda

CA Mukund Sarda (Expert)
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06 October 2015 YES IT CAN BE TREATED AS AN EXPENSE.

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 October 2015 It can be treated as expense and taken to P&L.

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CA Kumar Mukesh

CA Kumar Mukesh (Expert)
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07 October 2015

In your case Since your company is not getting service tax portion charged on invoices from their customers ... i.e. paying from their pocket ... therefore service tax definitely would be treated as EXPENSE. and same will also be allowed as Expenses under section 37(1) under income tax too..

Thank You..

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