Poonawalla fincorps
Poonawalla fincorps

Sb cess

This query is : Resolved 

02 June 2016 sir,
when we paid sb cess to vender (ex. professtional services form CA). how it should be treated in books as expense or as a liability or any thing else.
because sb cess credit can not be availed.

entry
professtional fees dr. 10000
service tax dr. 1400
sb cess dr. dr. 50

to bank 11450

02 June 2016 yes this not take cenvat. pls make exp with respective exp,



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