IS SERVICE TAX PAID ON REVERSAL CHARGE IS ALLOWED AS EXPENDITURE OF COMPANY . HOW TO ADJUST SERVICE TAX , CAN WE DIRECTLY DEBITED TO P& L A/C , AS WE ARE COMPANY RUNNING HOSIPTAL & NO OUTPUT SERVICE TAX LIABLITY.
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Service tax paid on reversal charge
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It depends upon the accounting method adopted by your company. Ideally, it shall be shown as an expenditure.
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