Levy of service tax

277 views 1 replies

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?

Replies (1)
Hotel service has abatement not reverse charge hence no liablity will vonfer on u


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register