CA Ramsai N (Fresher) 25 April 2013
X Pvt ltd has received the service from abroad (its group company) in F.Y 2009-10.
But they did not pay service tax on the same till now.
The X Pvt ltd did not pay money against such service also.
Now the they wanted to cancel the invoice raised by the group company and wanted reverse the expenses earlier booked.
Q:What are the service tax and Income tax effects on above case
Thanks in advance