hi every one!
what will the accounting treatment for hotel expense in relation to reverse service tax?
In case, hotel charging service tax @ 4.94% i.e.on 40% of taxable value, what will be the correct accounting treatment in our books of account?can we simply avail such service tax @ 4.94% or there will be our liability @ 60% of the taxable amount?
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Levy of service tax
Replies (1)
Hotel service has abatement not reverse charge hence no liablity will vonfer on u
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