what treatment of service tax credit on Deffered exp
This query is : Resolved
27 March 2009
assume company bearing 10,00,000/- on Advert. which including 1,23,600/- as Service Tax and this advert. exp. will be write off in 4 years,
then how much amount of service tax credit taken in first year
can we take complete service tax credit in first year, or 1/4 of service tax credit taken in each year
then how much amount of service tax credit taken in first year
can we take complete service tax credit in first year, or 1/4 of service tax credit taken in each year
27 March 2009
The entire amount of service tax paid on advertising can be taken to book in the first year provided you pay the entire amount in the same year and advertising qualifies as your input service.
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