Service Tax paid on the scrutiny by the department
This query is : Resolved
Guest
Guest
(Querist)
30 April 2011
Dear Friends / Experts,
A, an individual has been paying service tax regularly.
There was a service tax audit in A's office and in the scrutiny, department raised a demand for Rs.8000/- payable by the assessee.
Assessee paid the amount immediately.
Query
How do we pass entry in Tally for the said Service Tax payment made pertaining to FYE 31.03.08 ?
Ans : ...............
I will wait to hear the reply.
Thanks.
A, an individual has been paying service tax regularly.
There was a service tax audit in A's office and in the scrutiny, department raised a demand for Rs.8000/- payable by the assessee.
Assessee paid the amount immediately.
Query
How do we pass entry in Tally for the said Service Tax payment made pertaining to FYE 31.03.08 ?
Ans : ...............
I will wait to hear the reply.
Thanks.
CA SAURABH GARG
(Expert)
01 May 2011
First of all there may two questions:
Demand includes penalty or not ?
-if paid penalty and service tax both:
book penalty as expenditure but not claim expenses for income tax purpose and service tax portion you can claim cenvat credit in the year in which it has been paid.
there is normal accounting treatment as claim expenditure and cenvet input credit.
Demand includes penalty or not ?
-if paid penalty and service tax both:
book penalty as expenditure but not claim expenses for income tax purpose and service tax portion you can claim cenvat credit in the year in which it has been paid.
there is normal accounting treatment as claim expenditure and cenvet input credit.
01 May 2011
Hi,
I am also of the same views.
I am also of the same views.
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