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accounting treatment?????

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(Querist)
16 February 2010 service tax on rent(rent paid to a transporter agency for broughting raw material where production occure)...
this service tax on rent is a indirect exp. or direct exp. according to accounting point view.....?
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Rahul Gupta

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Rahul Gupta (Expert)
17 February 2010 This is direct Expenses since it is incurred from bringing the raw material at the place of production.
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Querist)
17 February 2010 sir i m talking @ service tax on rent paid------------?????????????is it direct or ndirct exp????????
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Rahul Gupta

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Rahul Gupta (Expert)
17 February 2010 Yes, even service tax is related to the cost incurred for bringing raw material.

My view is..it is Direct Expenses.
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
21 February 2010 agree . it is direct expenses. charged total rent paid(including service tax) as fright

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