Past year expense
bhalchandra (Manager Accounts) (21 Points)
30 December 2016bhalchandra (Manager Accounts) (21 Points)
30 December 2016
Ashoka G
(Student CA IPC / IPCC)
(115 Points)
Replied 30 December 2016
I have given this answer based on the assumption that you were asking for Cenvat Credit of Service Tax charged in the invoice.
You have to check whether the date of accounting is not exceeding one year from the date of invoice. If it exceeds one year, you may not be able to avail Cenvat Credit and treat Service Tax as expenditure.