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.
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
OR add as source on Google news
- Acquisition of a society by a company
- ITR 3 VALIDATION
- EPF withdrawal before 5 years and Disclosure in ITR-2
- Brokage income from sale and purchase of property
- ITC Utilization on vehicle repair
- Clarification on ITR 3: Is Sl. No. 64 required for 44ADA income?
- FORM 115BAC
- Transfer of partnership interest in LLP
- Investment guidance for NRI
- ITC on construction of warehouse
- 2.25 CRORE TRADER, NO CASH TRANSACTIONS,3CD APPLICABLE?
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- GST on Restaurant service
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
- Switch over to Composition Scheme
- Gstr 9 and itc
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
OR add as source on Google news
CAclubindia
