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?
Menu
Levy of service tax
Replies (1)
Hotel service has abatement not reverse charge hence no liablity will vonfer on u
Recent Topics :
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
Related Topics :
CAclubindia
