Question regarding sbc

As I understand, input credit of SBC cannot be availed and hence it can be debited to the respective expense head.

No input available for SBC so it will charged directly to p&l a/c.

Hi Prasad,

Suppose you have a bill of Amount 15000 regarding professional fees including Service tax 2100(14%), SBC 75(.5%), KCC 75(.5%)

The following entry would be made:

Professional fees A/c(15000+75) 15075

Service tax Input A/c Dr               2100

KCC Input Dr                               75

To Bank/Cash                             17250

thanks u

Yes, Cenvat credit of SBC is not available dats y it is a cost for service receiver.