Service tax liability in case of bad debts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 June 2014
my client's business is of event management. in this business my client has raised some bill on which service tax liability has been levied in the year 2011. and some input credit also has been taken in 2011 but payment not made. Now my client want to write off debtors as bad debt and also want to book the income as non payment to creditors. what would be the income tax and service tax liability? please advise
11 June 2014
U can claim Bad Debts in Income Tax.
But no relaxation is there for bad debts in ST.
But no relaxation is there for bad debts in ST.
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