St liability on bills not collected
This query is : Resolved
28 November 2011
what is the accounting treatment for service tax liability on bills not collected when the payment is on receipt basis . thanks in advance
CA Ayush Agarwal
(Expert)
28 November 2011
Dear one,
Always make differentiate between Accounting and Taxability. So here you liable to make accounting of service tax liability payable. And whenever paid then make reversal.
Always make differentiate between Accounting and Taxability. So here you liable to make accounting of service tax liability payable. And whenever paid then make reversal.
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