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Exess sevicetax piad from own hand
one of my client he take registration from service tax in last November. and collected service tax after registration. his service is maintenance or repair service he have not proper record for service tax collection. he is a sole proprietor . but he deposited full month service tax . means service tax of that whole November . my dout is can he claim in p&l account the excess paid amount as an expense ?
Replies (2)
in case you have paid excess service tax, then you can adjust in next month & if there is no further liablity of tax, you can claim refund of excess tax payment.
It should be possible to debit excess tax in P&L as it was in course of doing business and under law amount collected extra as tax is also due to be paid to govt.
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