Service tax on provision
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2013
I have a trend of making provision at the end of each month for the services for which no invoices are raised. I also reverse the same provision in the beginning of the next month. Do I need to pay service tax on such provision? seek urgent reply.
05 July 2013
You are making provision for the purpose of verifying the actual position of the month, and you are reversing the same immediately on 1st of the next month. So in this case it is mere book entry hence service tax will not be applicable in such circumstances.
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2013
Thanks a lot
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