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Service tax paid

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2014 Sir,
I have paid service tax to a party.
would it be under Current Asset or Current Liability
please suggest
Thanks
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ADITYA

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ADITYA (Expert)
02 April 2014 Service Tax paid to a party is to be considered as Current Asset in the Balance Sheet.
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