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Taxabiity of service tax

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(Querist)
10 September 2013 Dear Experts,

Please advise me whether we can claim service tax collected and paid as deductible expense to reduce it from income from business.
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TKKKKKK

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TKKKKKK (Expert)
10 September 2013 service tax collected is current liability when you pay it, liability is reduced ..it can't claim as expense.
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CA Suresh Jain

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CA Suresh Jain (Expert)
11 September 2013 If you are booking revenue (income) including service tax, you can show the service tax as expenditure. The normal treatment of service tax collected is as above suggested by CA Ms. Tarannum
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