Telephone bill credit
This query is : Resolved
SAGAR DHAWAN
(Querist)
07 November 2014
sir,
my client has paid service tax on telephone bill. so now instead of claiming it as a credit he is asking me to show it on the debit side of the profit and loss acoount as the expense.(i.e telephone bill including service tax). can we do this??
my client has paid service tax on telephone bill. so now instead of claiming it as a credit he is asking me to show it on the debit side of the profit and loss acoount as the expense.(i.e telephone bill including service tax). can we do this??
CA Parul Saxena
(Expert)
07 November 2014
If the service tax amount on telephone bills is too small so you may avoid it.One condition is that only that portion of service tax is eligible which is used for the purpose of business.... so you have to proportionate the telephone bill amount for business purpose and service tax only on that portion is eligible.
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SAGAR DHAWAN
(Querist)
07 November 2014
is there any notification came from the service tax regarding this? I am unable to find it on the google as well. if possible can u send me the link or the notification number so that i can have a proof of that.
CA Parul Saxena
(Expert)
08 November 2014
Try to search for what is service tax input you would get basic idea there.
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