service Tax on provion for Expenses
This query is : Resolved
18 May 2009
Hi,
I need to know if Service Tax is levied on the provision made for Expenses?
I need to know if Service Tax is levied on the provision made for Expenses?
18 May 2009
Basically service tax is levied on receipt basis. There is no service tax levy on the provision made for expenses. WHile creating the provision say Telephone expenses, you can create the provision including the service tax but you are eligible to avail the CENVAT credit once such expenses are paid with servic tax
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