27 January 2011
in case of loss of goods in transit due to transporters mistake, we used to make payment after deducting the value of loss to transporter. in such a case on which amount we have to pay service tax a. on gross amount? b. After deducting loss value from bill amount i.e net only? reply early?
28 January 2011
this would be on actual amount only i.e. net. Further, pls note that you have also booked the expense only to that extent paid to the transporter.
CAclubindia
