Kindly advise me the treatment of service tax received / receivable in excess of our liability in books of account becoz of claiming property tax deduction (in huge amount) against gross rent received.
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Accounting treatment
Replies (1)
u hv to deposit it with the Govt. S T Dept. excess amount collected under the head of Service tax .
then only that person whose S T deducted in excess he can claim refund of that. in same way like TDS under I T ACT.
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