Service tax input
This query is : Resolved
05 June 2013
While making provision for audit fee for the year 2012-2013 on 31.03.2013, company has booked service tax input. Is company's accounting treatment proper?
05 June 2013
visit this link
http://finance.groups.yahoo.com/group/ServiceTaxIndia/message/791
http://finance.groups.yahoo.com/group/ServiceTaxIndia/message/791
05 June 2013
Dear Tarannum,
Above link explains old provision of ST( i.e. While ST was on payment basis). My quarry is related to FY 2012-2013. I would like to explain it. Company has made provision for Audit fee on 31.03.2013 and while doing so it also has booked ST input. Latter bill has been received on 02.05.2013. while receiving bill it has merely reversed provision. No effect on ST input has been given on ground that it has been already booked on 31.03.2013. I think ST Input cant be booked and taken before receiving actual bill(i.e. on making provision).
Above link explains old provision of ST( i.e. While ST was on payment basis). My quarry is related to FY 2012-2013. I would like to explain it. Company has made provision for Audit fee on 31.03.2013 and while doing so it also has booked ST input. Latter bill has been received on 02.05.2013. while receiving bill it has merely reversed provision. No effect on ST input has been given on ground that it has been already booked on 31.03.2013. I think ST Input cant be booked and taken before receiving actual bill(i.e. on making provision).
06 June 2013
they cannot take input on service tax with out original bill
provision will be created now and servicetax input needs to be taken on receival of ORIGINAL invoice
provision will be created now and servicetax input needs to be taken on receival of ORIGINAL invoice
Message likes :
1 times
07 June 2013
agree with ganesh ji...bill k bina input credit nahi milata...so the treatment will be according to link...
07 June 2013
@ Ganesh Babu K Thank You
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
