11 April 2017
In a mall there is shop owners welfare association. They charge bill for generator on the basis of actual unit consumed by shop during back up provided by generator. The per unit cost of electricity supplied by generator is calculated on the basis of actual diesel used in generator and there is no profit element on same. The bill raised for generator is shown on credit side and diesel cost on debit side in p&l account. will bill raised for generator attract service tax or not.
CAclubindia
