01 July 2014
please suggest me can a company claim service tax paid on reverse charge paid on abated value(car hire) in his books. we have passed this entry:-
car-hire 100 ser.tax rec.(rev.chg)4.94 (12.36*40%) To vendor 98 to tds payable 2 to ser. tax pay(rev chg,) 4.94
03 July 2014
No cenvat available on payment of service tax for rent a cab service . . Hence amount paid for this service is to be debited to profit and loss account
CAclubindia
